Yet another excellent jobs report from Canada: 45.3K jobs gained. The unemployment rate drops to 6.5%, also a beat of expectations.
Here is the big reaction on Dollar/CAD: a double whammy after the simultaneous releases:
Canada was expected to report a gain of around 10K jobs in June, after a whopping leap of 54.5K back in May. The unemployment rate was expected to remain unchanged at 6.6%. Canada’s participation rate stood at 65.8% last time.
USD/CAD was trading closer to 1.30, refusing to move away from the round number. The reason for the most recent slide in the value of the C$ stemmed from a fresh slide in oil prices.
The United States released its own jobs report at the same time.
from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/Ytt4muc7IPU/
from Online Forex Trading Resource
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