USD/CAD drops on US and Canadian data

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At 12:30 GMT, the United States and Canadian statisticians published their monthly employment data. The US data negatively impacted the value of the US Dollar. In the meantime, the Canadian data came in better than the markets forecast.

As a result, the USD/CAD pair dropped by more than 40 base points or 0.33%.

The Employment Change for Canada was at 151,700.00 instead of the forecast 59,500.00 In the meantime, the Unemployment Rate hit the forecast of 6.9%.

The US employment data sets came in mixed. The US Average Hourly Earnings increased by 0.6% instead of the forecast 0.4%. The Non-Farm Employment Change was at 194 thousand instead of the expected 490. Last but not least, the Unemployment rate came in at 4.8% instead of expected 5.1%.
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Fri, 08 Oct 2021 12:40:08 GMT

EUR/USD reacts to employment data

At 12:30 GMT, the US Dollar reacted to the publication of the monthly US employment data. An initial jump of 20 base points occurred on the EUR/USD charts. Afterwards, it appeared that the currency exchange rate began a surge. The US employment data sets came in mixed. The US Average Hourly Earnings increased by 0.6% instead of the forecast 0.4%. The

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