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 54 pips or 0.41% right after the release. The Greenback continued trading at the 1.3280 level against the Canadian Dollar.
Statistics Canada released the Canadian Employment Change, which came out better-than-expected of 27.7K compared with forecast of 5.0K. Note, that the US Employment data set was released at the same time.
According to the official release: "Employment held steady in May, following a strong increase in April. The unemployment rate was down 0.3 percentage points to 5.4%, as the number of people looking for work decreased sharply following little change over the previous three months. The unemployment rate in May was the lowest since comparable data became available in 1976."
| Date | 08.02.19 | 08.03.19 | 05.04.19 | 10.05.19 | 07.06.19 |
|---|---|---|---|---|---|
| Actual | 66.8K | 55.9K | -7.2K | 106.5K | 27.7K |
| Forecast | 6.5K | 0.6K | 3.0K | 11.7K | 5.0K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.93138 | 0.93001 | -0.15% |
| CAD/CHF | 0.74389 | 0.74382 | -0.01% |
| EUR/CAD | 1.50558 | 1.50414 | -0.10% |
| USD/CAD | 1.33592 | 1.33087 | -0.38% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 73.5% | 26.5% |
| CAD/CHF | 73.3% | 26.7% |
| EUR/CAD | 48.7% | 51.3% |
| USD/CAD | 47.3% | 52.7% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 8:30 | GBP | GDP m/m | -0.1% | -0.1% |
| 8:30 | GBP | Manufacturing Production m/m | -1.1% | 0.9% |
| 12:30 | CAD | Building Permits m/m | 0.9% | 2.1% |