United States JOLTS Job Openings above forecasts (6.101M) in March: Actual (6.55M)

May 8, 2018

USD/CAD consolidates gains to 1-1/2 month tops, Trump awaited

• Broad-based USD strength helps break through a 2-week old trading range. • Weaker oil prices further weigh on Loonie and remain supportive

• Weighed down heavily by the ongoing USD upsurge to fresh YTD peaks. • A goodish pickup in the US bond yields adds to the downward pressure.