Canadian Dollar Retreats As Employment Falls Unexpectedly
09 Juin 2023 - 12:21PM
RTTF2
The Canadian dollar eased against its major counterparts during
the New York session on Friday, following the release of
disappointing jobs data for May.
Data from Statistics Canada showed that the employment fell by
17,300 jobs in May, after rising by 41,400 jobs in the previous
month. Economists had expected employment to increase by 23,200
jobs.
The unemployment rate rose to 5.2 percent in May from 5 percent
in April. The rate was expected to rise to 5.1 percent.
Traders look ahead to the Federal Reserve's monetary policy
decision due next week.
The Fed is widely expected to leave its policy rate unchanged at
5.00 percent - 5.25 percent.
The loonie eased to 1.3368 against the greenback, from an early
more than 4-week high of 1.3316. The loonie is seen finding support
around the 1.38 level.
The loonie retreated to 1.4397 against the euro and 104.10
against the yen, from its early highs of 1.4344 and 104.73,
respectively. The next possible support for the currency is seen
around 1.46 against the euro and 102.00 against the yen.
The loonie was down against the aussie, at a 3-week low of
0.8999. Next key support for the loonie is seen around the 0.92
level.
CAD vs Yen (FX:CADJPY)
Graphique Historique de la Devise
De Sept 2023 à Oct 2023
CAD vs Yen (FX:CADJPY)
Graphique Historique de la Devise
De Oct 2022 à Oct 2023