USD/CAD pair edges up to near 1.4023
The Canadian Dollar trades marginally lower against the US Dollar, with the USD/CAD pair edging up to near 1.4023.
The US jobs report is in focus, with analysts forecasting nonfarm payrolls at +70k and the unemployment rate unchanged at 4.2%.
The Canadian labor market report is expected to show that the economy created 15K fresh jobs, slightly lower than 18.2K in June.
The CME FedWatch tool shows a 54.5% chance that the Fed will raise interest rates in the September policy meeting.