Canadian Dollar Jumps on Employment

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Friday, at 13:30 GMT, all Canadian Dollar pairs reacted sharply to the publication of the Canadian monthly employment data. The USD/CAD dropped 35 pips or 0.28%. Meanwhile, the GBP/CAD pair dropped 44 base points or 0.25%.

The move occurred due to the data being a lot better than forecast. Namely, Employment Change was at 259,200 instead of 98,500, Unemployment Rate came in at 8.2% instead of forecast 9.2%. In addition, the Capacity Utilization Rate was 79.2% instead of expected 77.9%.



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