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 20 pips or 0.15% after the release. The Greenback continued trading at the 1.3315 level against the Canadian Dollar after the release.
Statistics Canada released the Canadian Unemployment Rate data, which came out better-than-expected of 5.5% compared with the forecast of 5.7%.
According to the official release: "There were more people working in manufacturing, construction and agriculture. At the same time, employment declined in health care and social assistance."
| Date | 11.10.19 | 08.11.19 | 06.12.19 | 10.01.20 | 07.02.20 |
|---|---|---|---|---|---|
| Actual | 5.5% | 5.5% | 5.9% | 5.6% | 5.5% |
| Forecast | 5.7% | 5.5% | 5.5% | 5.8% | 5.7% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.88912 | 0.88708 | -0.23% |
| CAD/CHF | 0.73384 | 0.73526 | 0.19% |
| EUR/CAD | 1.45962 | 1.45604 | -0.25% |
| USD/CAD | 1.33078 | 1.32893 | -0.14% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 71.5% | 28.5% |
| CAD/CHF | 71.8% | 28.2% |
| EUR/CAD | 26.0% | 74.0% |
| USD/CAD | 27.6% | 72.4% |
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