The Canadian dollar remained neutral at the highest level in more than a week before an employment rate which is due to be published tomorrow, defining the outlook for the loonie for the next week, since jobs figures are an important data to measure a country’s economic conditions.
An employment reports to be released tomorrow is giving a sense of expectation among traders to define the next movement trends for the loonie, since if the number of jobs improve, its liked that the loonie will find grounds to gain further, specially versus its U.S. counterpart.
USD/CAD traded at 1.0631 as of 15:06 being that virtually the same rate as in the intraday comparison.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
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