Unemployment data for April published Statistics Canada:
- Unemployment Rate: Actual 5.0%, Expected: 5.1%, Previously: 5.0%
- Employment Change: Actual 41.4k, Expected: 21.5k, Previously: 34.7k
The Canadian dollar experienced a slight appreciation following the release of new labor data in Canada, but the difference was not significant. However, it's important to note that data for the US labor market (NFP) was also published around the same time, so we can expect increased volatility in the markets.
USDCAD is down 0.4% and trading at 1.3484 level.
Market focus shifts to CPI, while Brent crude slips below $60
BREAKING: October U.S. Retail Sales: Strong Core Growth, Overall Flat. EURUSD rises!
BREAKING: EURUSD gains after NFP data 📌
EURUSD gains 0.12% ahead of NFP 📈
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