The US Dollar traded sideways against the Canadian Dollar, following the Canadian Employment data set release on Friday at 13:30 GMT. The USD/CAD exchange currency rate gained 10 pips or 0.07% after the release. The Greenback continued trading at the 1.3415 level against the Canadian Dollar after the release.
Statistics Canada released the Canadian Employment Change data, which came out better-than-expected of 30.3K compared with the forecast of 10.5K. Note that the Canadian Trade Balance, as well the US Employment data set were released at the same time.
According to the official release: "In February, there were more people working in wholesale and retail trade, in manufacturing, as well as in information, culture and recreation. At the same time, employment declined in professional, scientific and technical services and in accommodation and food services."
| Date | 08.11.19 | 06.12.19 | 10.01.20 | 07.02.20 | 06.03.20 |
|---|---|---|---|---|---|
| Actual | -1.8K | -71.2K | 35.2K | 34.5K | 30.3K |
| Forecast | 14.7K | 10.0K | 24.9K | 16.3K | 10.5K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.88932 | 0.88935 | 0.00% |
| CAD/CHF | 0.6974 | 0.69779 | 0.06% |
| EUR/CAD | 1.51985 | 1.51828 | -0.10% |
| USD/CAD | 1.34115 | 1.34153 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 60.1% | 39.9% |
| CAD/CHF | 73.1% | 26.9% |
| EUR/CAD | 39.9% | 60.1% |
| USD/CAD | 29.9% | 70.1% |
Economic calendar