US Mar NY Empire State Manufacturing Index down to 9.24 vs 10.04 in Feb.

The CAD has benefiting from USD selling, being lifted to new highs for March. “We continue to foresee a lower CAD for the months ahead, but near term risks suggest a possibility for a decent pullback from recent losses”, wrote analysts Shaun Osborne and Greg Moore, adding that “the potential for a positive turn in Canadian data starting next week, combined with the currently enormous short speculative positioning could be a recipe for near term CAD gains”.