USD/CAD Slips as Canada's Unemployment Rate Falls to 6.5% in June
The Canadian dollar held higher against the US dollar on Friday, underpinned by the Canadian unemployment rate easing to 6.5% in June, compared with 6.6% in the previous month. Markets predicted a firmer print of 7.00%. Brent crude, a close measure of oil prices, modestly grew 0.40% to trade at $76.60 on the day. West Texas Intermediate edged up 0.24% to trade at $72.25. In Friday's G10 trading, the CAD remained mostly bullish among other currencies. The mild-impact event for the loonie will be the Manufacturing and Wholesale data for May, due on July 15. For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on July 14. The USD/CAD pair was trading at 1.41458, with a 0.16% decline during Friday's American trading hours at the time of writing.
The Canadian dollar held higher against the US dollar on Friday, underpinned by the Canadian unemployment rate easing to 6.5% in June, compared with 6.6% in the previous month.
Markets predicted a firmer print of 7.00%.
Brent crude, a close measure of oil prices, modestly grew 0.40% to trade at $76.60 on the day.
West Texas Intermediate edged up 0.24% to trade at $72.25.
In Friday's G10 trading, the CAD remained mostly bullish among other currencies.
The mild-impact event for the loonie will be the Manufacturing and Wholesale data for May, due on July 15.
For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on July 14.
The USD/CAD pair was trading at 1.41458, with a 0.16% decline during Friday's American trading hours at the time of writing.