The US Dollar depreciated against the Canadian Dollar, following the Canadian Employment data set release on Friday at 13:30 GMT. The USD/CAD exchange currency rate lost 32 pips or 0.25% after the release. The Greenback continued trading at the 1.2810 level against the Loonie after the release.
Statistics Canada released Canadian Unemployment Rate data, which came out better-than-expected of 8.5% compared with the forecast of 9.0%. Note that the US Employment data set was released at the same time.
According to the official release: "Employment rose by 0.3% in November, following an increase of 0.5% in October. From May to September, employment grew by an average of 2.7% per month. Full-time employment rose by 99,000 in November, while part-time work was little changed. Among those who worked at least half of their usual hours, 4.6 million worked from home in November."
| Date | 07.08.20 | 04.09.20 | 09.10.20 | 06.11.20 | 04.12.20 |
|---|---|---|---|---|---|
| Actual | 10.9% | 10.2% | 9.0% | 8.9% | 8.5% |
| Forecast | 11.1% | 10.1% | 9.8% | 9.0% | 9.0% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.95417 | 0.95311 | -0.11% |
| CAD/CHF | 0.69266 | 0.69346 | 0.12% |
| EUR/CAD | 1.56368 | 1.56041 | -0.21% |
| USD/CAD | 1.28582 | 1.28276 | -0.24% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 28.8% | 71.2% |
| CAD/CHF | 42.7% | 57.3% |
| EUR/CAD | 29.4% | 70.6% |
| USD/CAD | 58.2% | 41.8% |
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