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 rate lost 29 pips or 0.21% right after the release. The US Dollar continued trading at the 1.3385 level against the Canadian Dollar.
Statistics Canada released the Canadian Employment Change data, which came lower-than-expected of –7.2K compared to the forecast of 3.0K. Note, that the Canadian Unemployment Rate and the US Employment data set were released at the same time.
According to experts, the decline in the Canadian employment was due to lower hiring activity within the healthcare sector and social assistance.
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| Date | 07.12.18 | 04.01.19 | 08.02.19 | 08.03.19 | 05.04.19 |
|---|---|---|---|---|---|
| Actual | 94.1K | 9.3K | 66.8K | 55.9K | -7.2K |
| Forecast | 10.5K | 6.8K | 6.5K | 0.6K | 3.0K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.95286 | 0.95302 | 0.02% |
| CAD/CHF | 0.74806 | 0.74777 | -0.04% |
| EUR/CAD | 1.50357 | 1.50327 | -0.02% |
| USD/CAD | 1.3386 | 1.3382 | -0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 71.8% | 28.2% |
| CAD/CHF | 59.7% | 40.3% |
| EUR/CAD | 62.7% | 37.3% |
| USD/CAD | 43.0% | 57.0% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 6:00 | EUR | German Trade Balance | 19B | 18.5B |
| 12:15 | CAD | Housing Starts | 193K | 173K |
| 12:30 | CAD | Building Permits m/m | - | -0.1% |