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 29 pips or 0.23% right after the release. The Greenback continued trading at the 1.3035 level against the Canadian Dollar.
Statistics Canada released the Canadian Unemployment Rate data, which came out better-than-expected of 5.6% compared with the forecast of 5.8%.
According to official release: "There were more employees in the private sector (+57,000 or +0.5%) in December, offsetting a decline of a similar size in November. Employment increased in accommodation and food services and in construction, while it was little changed in the other industries ."
| Date | 06.09.19 | 11.10.19 | 08.11.19 | 06.12.19 | 10.01.20 |
|---|---|---|---|---|---|
| Actual | 5.7% | 5.5% | 5.5% | 5.9% | 5.6% |
| Forecast | 5.5% | 5.7% | 5.5% | 5.5% | 5.8% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.89876 | 0.89819 | -0.06% |
| CAD/CHF | 0.74743 | 0.74739 | -0.01% |
| EUR/CAD | 1.44941 | 1.4488 | -0.04% |
| USD/CAD | 1.30648 | 1.30421 | -0.17% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 53.2% | 46.8% |
| CAD/CHF | 71.9% | 28.1% |
| EUR/CAD | 70.2% | 29.8% |
| USD/CAD | 59.6% | 40.4% |
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