The US Dollar traded sideways against the Canadian Dollar, following the Canadian Employment data set release on Friday at 12:30 GMT. The USD/CAD exchange currency rate gained 4 pips or 0.03% after the release. The Greenback continued trading at the 1.1585 level against the Loonie after the release.
Statistics Canada released the Canadian Employment Change data, which came out better-than-expected of 952.9K compared with the forecast 700.0K. Note that the US PPI data was released at the same time.
According to the official release: "The gradual easing of restrictions and the re-opening of the economy continued to present both opportunities and challenges for employers and workers. Employers continued to adapt workplaces to ensure the health and safety of workers, customers and the public. Some workers returned to a previous employer while others looked for new work. For many Canadians, adapting to new ways of working included making new child care arrangements."
| Date | 06.03.20 | 09.04.20 | 08.05.20 | 05.06.20 | 10.07.20 |
|---|---|---|---|---|---|
| Actual | 30.3K | -1010.7K | -1993.8K | 289.6K | 952.9K |
| Forecast | 10.5K | -427.0K | -4000.0K | -500.0K | 700.0K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.94479 | 0.94525 | 0.05% |
| CAD/CHF | 0.69257 | 0.69221 | -0.05% |
| EUR/CAD | 1.53433 | 1.53508 | 0.05% |
| USD/CAD | 1.36026 | 1.36061 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 30.6% | 69.4% |
| CAD/CHF | 64.1% | 35.9% |
| EUR/CAD | 38.6% | 61.4% |
| USD/CAD | 42.9% | 57.2% |
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