Canadian Dollar recovering on upside PMI data beats

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• The Canadian Dollar is holding in place against the US Dollar for Thursday.
• Canada’s Ivey PMIs beat expectations, giving the Loonie some much-needed support.
• US labor data also beat forecasts and markets will be turning to the upcoming NFP data drop.

The Canadian Dollar (CAD) is finding some much-needed support in Thursday trading, swapping with the US Dollar (USD) after both currencies strengthened following economic data releases that “beat the street”.