US and Canada: Focus on manufacturing PMIs – BBH

Analysts at BBH point out that in today’s session, the North American session features the final reading US manufacturing PMI.  

Key Quotes

“The flash report put it at 55.0, up from 53.9 in November.  It finished 2016 at 54.3.  Canada's manufacturing PMI will also be reported.  It stood at 54.5 in November.  It peaked in April at 55.9.  The Canadian dollar is the weakest of the major currencies, with a 0.1% gain.  The US dollar is holdings a little above the low it set at the end of last year near CAD1.2515.  The 50% retracement of the US dollar rally from last September and October is found near CAD1.2490.  The 61.8% retracement is CAD1.2390.”