Canadian Dollar drops for second consecutive day amid higher US Dollar.
Strong US employment data boosts US Treasury yields, US Dollar. In Canada, strong Ivey PMI data eases downside pressure on Canadian Dollar after disappointing labour figures. The Canadian Dollar extends its losses on Friday following Thursday’s pullback to test fresh year-to-date lows. A combination of a stellar US employment report and weak Canadian labor figures have undermined investors’ confidence in an already weak Loonie.
24% 0.46% 0.25% 0.37% 0.33% 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 Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . Technical analysis: USD/CAD has tested resistance at the 1.
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