Ivey Purchasing Managers Index fell to 26 in March from 54.1. USD/CAD pair rebounded from lows on the disappointing data. The economic activity in Canada’s private sector contracted at a strong pace in March with the Ivey Purchasing Managers Index plummeting to 26 (seasonally adjusted) from 54.1 in February. This reading missed the market expectation of 41 by a wide margin. Further details of the publication revealed that the Employment Index slumped to 26.8 from 54.7 and the Supplier Deliveries Index dropped to 17.7 from 41.8. Market reaction The USD/CAD pair recovered slightly from the daily low it set at 1.3945 and was last seen trading at 1.3990, erasing 0.85% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF dives to multi-day lows, below 0.9700 mark FX Street 2 years Ivey Purchasing Managers Index fell to 26 in March from 54.1. USD/CAD pair rebounded from lows on the disappointing data. The economic activity in Canada's private sector contracted at a strong pace in March with the Ivey Purchasing Managers Index plummeting to 26 (seasonally adjusted) from 54.1 in February. This reading missed the market expectation of 41 by a wide margin. Further details of the publication revealed that the Employment Index slumped to 26.8 from 54.7 and the Supplier Deliveries Index dropped to 17.7 from 41.8. Market reaction The USD/CAD pair recovered slightly from the daily low it set at 1.3945… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
