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SocGen Says Buyers Flock to AUD/CAD Cross Ahead of Friday's Jobs Report in Canada

BY MT Newswires | ECONOMIC | 09:48 AM EDT

09:48 AM EDT, 03/11/2026 (MT Newswires) -- An inverse correlation with energy has guided EUR/USD above 1.1650, but the retracement in energy prices hasn't dented the appeal of the Australian dollar (AUD), says Societe Generale.

Australia is the world's second-largest exporter of liquefied natural gas after the United States, notes the bank.

Buyers are also flocking to AUD/CAD ahead of Canadian employment data (LFS) on Friday, says SocGen. The February high of 0.9750/0.9775 is the next resistance zone, it adds.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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