USD/CAD falls sharply to 1 3630 as strong Canadian Employment numbers fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
The Canadian Dollar (CAD) has stepped broadly higher against the majority of its major currency peers on Thursday, though the CAD is battling a recovering US Dollar (USD) as the two currencies are on pace to settle the day as the top performers.
According to Statistics Canada, the Employment Change, that is the number of people currently employed, increased by a meagre 0.1K in the last month of 2023, coming in short of initial estimates.
The Canadian Dollar (CAD) slumped to a new low for the week against the US Dollar (USD) before surging to a three-day high as markets whipsaw after a bumper US Nonfarm Payrolls (NFP) report crushes market forecasts.