Canadian Dollar Appreciates After Strong Jobs Data

RTTNews | 883 days ago
Stocktwits
Canadian Dollar Appreciates After Strong Jobs Data

(RTTNews) - The Canadian dollar firmed against its major counterparts in the New York session on Friday, following the release of strong domestic jobs data for January.

Data from Statistics Canada showed that the employment increased by 150,000 jobs in January, after rising by 104,000 jobs in the previous month. Economists had expected employment to climb by 15,000 jobs.

The unemployment rate held steady at 5 percent in January. The rate was expected to rise to 5.1 percent.

The loonie touched 1.4276 against the euro, its strongest level since January 9.

The loonie was up against the aussie, at a 3-day high of 0.9271.

The loonie recovered to 97.99 against the yen, from an early 1-week low of 96.63.

The loonie advanced to a 1-week high of 1.3353 against the greenback, off an early 4-day low of 1.3472.

The loonie is likely to challenge resistance around 1.40 against the euro, 0.90 against the aussie, 100.00 against the yen and 1.30 against the greenback.

Tags: AUDCAD USDCAD EURCAD CADJPY
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Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 1 day ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 1 day ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 1 day ago
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