The US Dollar depreciated against the Canadian Dollar, following the Canadian Employment data set release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 69 pips or 0.52% right after the release. The US Dollar continued trading at the 1.3400 level against the Canadian Dollar.
Statistics Canada released the Canadian Unemployment Rate data, which came out better-than-expected of 5.7% compared with forecast of 5.8%. Note, that the Canadian Employment Change and the US CPI data were released at the same time.
According to the official release: "Employment increased in Ontario, Quebec, Alberta, and Prince Edward Island. It declined in New Brunswick, and was little changed in the other provinces. Employment rose for youth aged 15 to 24, people aged 55 and older, and women in the core working ages of 25 to 54. Employment gains were spread across several industries: wholesale and retail trade; construction; information, culture and recreation; "other services"; public administration; and agriculture. At the same time, employment decreased in professional, scientific and technical services."
| Date | 04.01.19 | 08.02.19 | 08.03.19 | 05.04.19 | 10.05.19 |
|---|---|---|---|---|---|
| Actual | 5.6% | 5.8% | 5.8% | 5.8% | 5.7% |
| Forecast | 5.7% | 5.7% | 5.8% | 5.8% | 5.8% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.94266 | 0.94015 | -0.27% |
| CAD/CHF | 0.75197 | 0.75397 | 0.27% |
| EUR/CAD | 1.51262 | 1.50812 | -0.30% |
| USD/CAD | 1.34694 | 1.34235 | -0.34% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 74.3% | 25.8% |
| CAD/CHF | 38.1% | 61.9% |
| EUR/CAD | 48.5% | 51.5% |
| USD/CAD | 30.2% | 69.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 8:30 | GBP | Average Earnings Index 3m/y | 3.5% | 3.5% |
| 8:30 | GBP | Unemployment Rate | 3.9% | 3.9% |
| 9:00 | EUR | German ZEW Economic Sentiment | 5 | 3.1 |