Late last Thursday in Lausanne, the countries of Iran, the U.S., the U.K., France, Russia, China and Germany reached a framework for an accord on Iran's nuclear restrictions for the next ten years. According to U.S. President Barack Obama, however, a lot of work still has to be done to reach a final accord by June 30.
Last Friday U.S. job creation figures were released, with 126,000 jobs being created in March. It was the first time in more than one year that less than 200,000 jobs were created. The USD fell slightly after this news, because it reinforces the idea that the Fed will postpone a key rate hike. What's more, economic indicators out of the U.S. have disappointed since January.
On this Easter Monday, there will be few economic indicators of importance released. We will be monitoring the ISM Non-Manufacturing Composite Index in the U.S. and the Business Outlook Future Sales Index in Canada.
Have a good day! Salim Laaroussi
Range of the day: 1.2425 - 1.2550
