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US Nonfarm Payrolls Data to Influence USD/CAD Price as Fed Interest Rate Expectations Revisions Continue

Guavy AI Editorial Team
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FXS NFP
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The USD/CAD price has been trading sideways around 1.3790 on Friday after a strong Thursday, as investors wait for the US Nonfarm Payrolls (NFP) data for August to be released at 12:30 GMT.

This comes after Fed Governor Christopher Waller said recent data suggests some cool-off in inflationary pressures, leading to a downward revision in the Fed's interest rate expectations.

The FXS Fed Sentiment Index fell by 2.06 points to 125.38, indicating a modest pullback in perceived hawkishness relative to recent communications, but still remains above the neutral 100 mark.

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