Daily digest market movers: US Dollar dominates on US data flows
- US S&P Global Purchasing Managers Index (PMI) figures printed a split on Thursday.
- March’s US Manufacturing PMI rose to 52.5 from the previous 52.2, easily vaulting over the forecasted decline to 51.7.
- The Services PMI for March fell more than expected, declining to 51.7 from the previous month’s 52.3, falling more than the forecast 52.0.
- US Initial Jobless Claims slipped to 210K for the week ended March 15, missing the forecasted increase to 215K from the previous week’s 212K (revised upward from 209K).
- Analysts from Scotiabank have noted that the month of April tends to be the Canadian Dollar’s best-performing month against the Greenback.
- Scotiabank: April is the CAD’s best month of the calendar year against the USD.
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