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Canadian Dollar Strengthens Amid Upbeat Jobs Data

RTTNews | 720 days ago

Canadian Dollar Strengthens Amid Upbeat Jobs Data

(RTTNews) - The Canadian dollar firmed against its major counterparts during the New York session on Friday, following the release of stronger-than-expected jobs data for August.

Data from Statistics Canada showed that the employment increased by 39,900 jobs in August, after falling by 6,400 jobs in the previous month. Economists had expected employment to rise by 15,000 jobs.

The unemployment rate held steady at 5.5 percent in August. The rate was expected to rise to 5.6 percent.

The loonie climbed to a 3-day high of 108.37 against the yen, reversing from an early 1-week low of 107.15.

The loonie advanced to a multi-week high of 1.4566 against the euro and a 3-day high of 1.3607 against the greenback, off its early lows of 1.4661 and 1.3689, respectively.

The loonie rose to 0.8705 against the aussie, off an early 3-day low of 0.8757.

The currency may challenge resistance around 110.00 against the yen, 1.44 against the euro, 1.33 against the greenback and 0.84 against the aussie.

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Hong Kong Shares May Stop The Bleeding On Friday

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.

RTTNews | 11 minutes ago

Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.

RTTNews | 26 minutes ago

Rebound Anticipated For Taiwan Stock Market

Rebound Anticipated For Taiwan Stock Market

The Taiwan stock market on Thursday wrote a finish to the three-day winning streak in which it had jumped more than 750 points or 3.1 percent. The Taiwan Stock Exchange now rests just beneath the 24,230-point plateau although it figures to bounce higher again on Friday.

RTTNews | 56 minutes ago

Japan Retail Sales Add 0.3% In July

Japan Retail Sales Add 0.3% In July

The value of retail sales in Japan was up a seasonally adjusted 0.3 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday - coming in at 13.335 trillion yen.

RTTNews | 1h 23min ago

Singapore Stock Market May Add To Its Winnings On Friday

Singapore Stock Market May Add To Its Winnings On Friday

The Singapore stock market has finished higher in consecutive trading days, gathering more than 10 points or 0.25 percent in that span. The Straits Times Index now sits just above the 4,250-point plateau see additional support on Friday.

RTTNews | 1h 26min ago

Japan Industrial Output Sinks 1.6% In July

Japan Industrial Output Sinks 1.6% In July

Industrial production in Japan was down a seasonally adjusted1.6 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday.

RTTNews | 1h 28min ago

Japan Jobless Rate Falls To 2.3% In July

Japan Jobless Rate Falls To 2.3% In July

The unemployment rate in Japan came in at a seasonally adjusted 2.3 percent in July, the Ministry of Internal Affairs and Communications said on Friday.

RTTNews | 1h 45min ago

Tokyo Overall Inflation Climbs 2.6% On Year In August

Tokyo Overall Inflation Climbs 2.6% On Year In August

Overall consumer prices in the Tokyo region of Japan - considered a leading indicator for the national trend - were up 2.6 percent on year in August, the Ministry of Communications and Internal Affairs said on Friday.

RTTNews | 1h 48min ago

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