Forexpros - The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Employment Change.
USD/CAD was trading at 1.0356, down 0.16% at time of writing.
The pair was likely to find support at 1.0327, today’s low, and resistance at 1.0657, Tuesday’s high.
Earlier in the day, official data showed that Canadian employment change rose more-than-expected to a seasonally adjusted 60.9K last month from -5.5K in the preceding month.
Analysts had expected Canadian employment change to rise 15.0K last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.01% to hit 1.3440 and GBP/USD rising 0.64% to hit 1.5544.
Friday, October 7, 2011
Forex - USD/CAD down in European trading hours
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