5 Jun 2015
USD/CAD dips to daily lows on NFP
FXStreet (Edinburgh) - The US dollar is now intensifying its downbeat momentum vs. its Canadian neighbour on Friday, sending USD/CAD to fresh troughs.
USD/CAD up on US, CAD data
The pair lost momentum after Non-farm Payrolls in the US economy came in at 280K during May vs. 225K expected and the Unemployment rate ticked higher to 5.5% vs. 5.4% anticipated.
Back to Canada, the Net Change in Employment has increased by 58.9K, crushing prior surveys at 10.0K; the jobless rate stayed put at 6.8%, matching consensus.
USD/CAD key levels
At the moment the pair is down 0.14% at 1.2484 and a surpass of 1.2602 (high Apr.14) would target 1.2646 (high Apr.13) and then 1.2666 (high Apr.10). On the downside, the immediate support lines up at 1.2433 (low Jun.4) and finally 1.2382 (low Jun.3).
USD/CAD up on US, CAD data
The pair lost momentum after Non-farm Payrolls in the US economy came in at 280K during May vs. 225K expected and the Unemployment rate ticked higher to 5.5% vs. 5.4% anticipated.
Back to Canada, the Net Change in Employment has increased by 58.9K, crushing prior surveys at 10.0K; the jobless rate stayed put at 6.8%, matching consensus.
USD/CAD key levels
At the moment the pair is down 0.14% at 1.2484 and a surpass of 1.2602 (high Apr.14) would target 1.2646 (high Apr.13) and then 1.2666 (high Apr.10). On the downside, the immediate support lines up at 1.2433 (low Jun.4) and finally 1.2382 (low Jun.3).