“Loonie” is one of the most liquid pairs in the forex market. This is because this currency pair represents the two largest and most stable economies in the world. The economic environment in Canada is similar to that of the United States. Both countries have a long history as trading partners and both countries have high per capita incomes.
There are still several important US economic data releases and events that will stoke volatility in USD-pairs.
August 2, the June US JOLTs report is due at 14 GMT , at which time Chicago Fed President Evans will give remarks.
August 3, weekly US mortgage application figures will be published at 11 GMT . The July US ISM non-manufacturing (services) PMI will come out at 14 GMT , as will June US factory orders. Weekly US energy inventories data will be released at 14:30 GMT .
August 4, weekly US jobless claims are due at 12:30 GMT . Cleveland Fed President Mester will give a speech at 16 GMT .
August 5, the July US nonfarm payrolls report and unemployment rate will be published at 12:30 GMT . The June US consumer credit report will be published at 19 GMT .
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