Canadian Dollar gains after June jobs report tops forecasts
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday after stronger-than-expected Canadian employment data. At the time of writing, USD/CAD is trading around 1.4151, near its lowest level in more than two weeks.
  • The Canadian Dollar strengthens after Canada's June employment report beats expectations.
  • USD/CAD heads for its first weekly loss in six weeks.
  • Next week's US inflation data could shape expectations for the Fed's interest rate path.

The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday after stronger-than-expected Canadian employment data. At the time of writing, USD/CAD is trading around 1.4151, near its lowest level in more than two weeks.

Statistics Canada reported that the economy added 18.2K jobs in June, exceeding market expectations of 10K. However, the reading was sharply lower than the 87.8K increase recorded in May. The Unemployment Rate eased to 6.5% from 6.6%.

As labor market conditions remain uneven, the Bank of Canada (BoC) is likely to maintain a wait-and-see approach, with policymakers expected to leave interest rates unchanged in the coming months while monitoring inflation risks, particularly those stemming from higher energy prices.

Energy-driven inflation risks are back in focus after Oil prices rose earlier this week following renewed hostilities in the Middle East. Higher crude lifted the commodity-linked Canadian Dollar, putting USD/CAD on track for its first weekly loss in six weeks.

However, Oil prices are paring earlier gains as diplomatic efforts to de-escalate tensions in the Middle East continue. Reuters reported that Qatari mediators are in Iran for talks aimed at creating conditions for broader negotiations.

Meanwhile, the US Dollar remains firm as traders reassess developments in the Middle East, while expectations of a Federal Reserve (Fed) interest rate hike later this year continue to underpin the Greenback, limiting further downside in USD/CAD.

The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, is trading around 100.90 after rebounding from an intraday low of 100.60.

Traders now await next week's US Consumer Price Index (CPI) data, due on Tuesday, for fresh clues on the Fed's monetary policy path.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.05% -0.04% -0.37% -0.08% -0.15% -0.28% 0.07%
EUR -0.05% -0.09% -0.43% -0.13% -0.21% -0.33% 0.02%
GBP 0.04% 0.09% -0.33% -0.04% -0.14% -0.24% 0.10%
JPY 0.37% 0.43% 0.33% 0.30% 0.22% 0.07% 0.42%
CAD 0.08% 0.13% 0.04% -0.30% -0.08% -0.21% 0.14%
AUD 0.15% 0.21% 0.14% -0.22% 0.08% -0.13% 0.19%
NZD 0.28% 0.33% 0.24% -0.07% 0.21% 0.13% 0.34%
CHF -0.07% -0.02% -0.10% -0.42% -0.14% -0.19% -0.34%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

يعتمد أكثر من مليون مستخدم على FXStreet للحصول على بيانات سوقية لحظية، وأدوات رسوم بيانية، ورؤى خبراء، وأخبار الفوركس. يساعد تقويمهم الاقتصادي الشامل والندوات التعليمية عبر الويب المتداولين على البقاء على اطلاع واتخاذ قرارات محسوبة. لدى FXStreet فريق يضم حوالي 60 محترفًا موزعين بين مقر برشلونة ومناطق عالمية مختلفة.
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أسعار مباشرة

الاسم / الرمز
الرسم البياني
نسبة التغيير / السعر
GBPUSD
تغيير يوم واحد
+0%
0
EURUSD
تغيير يوم واحد
+0%
0
USDJPY
تغيير يوم واحد
+0%
0

كل شيء عن FOREX

استكشف المزيد من الأدوات
أكاديمية التداول
تصفح مجموعة واسعة من المقالات التعليمية التي تغطي استراتيجيات التداول ورؤى السوق والأساسيات المالية، كل ذلك في مكان واحد.
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الدورات
استكشف دورات التداول المنظمة المصممة لدعم نموك في كل مرحلة من مراحل رحلة التداول الخاصة بك.
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الندوة الإلكترونية
انضم إلى الندوات الإلكترونية المباشرة وحسب الطلب للحصول على رؤى السوق في الوقت الفعلي واستراتيجيات التداول من خبراء الصناعة.
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