Hot spot tracking

  • A U.S.-Canada agreement may be reached next week, Canadian Prime Minister: If the negotiations fail to succeed, preparations will be made to take retaliatory measures against the United States. This news is negative for the Canadian dollar.
  • US May ADP employment increased by 37,000, far below the expected 110,000, and the previous value was 62,000. This news is bearish for the dollar.
  • The U.S. ISM Non-Manufacturing Index fell to 49.9 in May, contracting for the first time in nearly a year, compared with expectations of an increase from 51.6 to 52. This news is bearish for the dollar.

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