US Redbook index (MoM) (February 9): -1.2%; 3.2% (YoY)

Feb 19, 2014

USD/CAD jumps above 1.0975 after economic data

The mix of weaker than expected US and Canadian data has fed even more the USD/CAD rally from 1-month low of 1.0910 to reach levels close to 1.1000.

The Redbook index advanced at a an annual pace of 3.2% and contracted 1.2% on a monthly basis in the week ended on February 9 vs. previous...