The US Dollar appreciated against the Canadian Dollar, following the Canadian Employment data set release on Friday at 13:30 GMT. The USD/CAD exchange currency rate gained 61 pips or 0.46% right after the release. The Greenback continued trading at the 1.3250 level against the Canadian Dollar.
Statistics Canada released the Canadian Employment Change data, which came out worse-than-expected of negative 71.2K compared with the forecast of 10.0K. Note that the US Employment data set was released at the same time.
According to the official release: "Declines in employment were recorded both in the goods-producing sector, specifically in manufacturing and natural resources, as well as in the services-producing sector, notably in public administration. The number of private-sector employees was down, while self-employment and public-sector employment held steady."
| Date | 09.08.19 | 06.09.19 | 11.10.19 | 08.11.19 | 06.12.19 |
|---|---|---|---|---|---|
| Actual | -24.2K | 81.1K | 53.7K | -1.8K | -71.2K |
| Forecast | 15.2K | 18.9K | 11.2K | 14.7K | 10.0K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.90372 | 0.90529 | 0.17% |
| CAD/CHF | 0.75003 | 0.74848 | -0.21% |
| EUR/CAD | 1.46355 | 1.4664 | 0.19% |
| USD/CAD | 1.31855 | 1.3234 | 0.37% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 40.3% | 59.7% |
| CAD/CHF | 71.2% | 28.8% |
| EUR/CAD | 46.0% | 54.0% |
| USD/CAD | 38.3% | 61.7% |
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