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Day: March 8, 2019
March 82019
Canadian Dollar Gains on Upbeat Jobs Data and Mixed US NFP
The Canadian dollar today rallied against its US counterpart for the first time this week following the release of upbeat Canadian jobs data in the early American session. The USD/CAD currency pair today broke its 6-day rally streak as the loonie gained against the greenback boosted by the mixed NFP report. The USD/CAD currency pair today fell from a high of 1.3466 to a low of 1.3387 following the employment reports from the two neighboring countries. […]
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March 82019
US Dollar Mixed on Disappointing Jobs Data, Stock Market Rout
The US dollar is trading mixed against a handful of currency rivals at the end of the trading week. The buck is finding direction on a disappointing labor report, as well as a stock market rout across the globe. In February, according to the Bureau of Labor Statistics (BLS), the US economy created only 20,000 new jobs, the smallest jobs gain since September 2017. This was much lower than the market forecast of 172,000 new jobs. The jobless […]
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March 82019
EUR/USD Rallies After US NFP, Unable to Erase Thursday’s Losses
EUR/USD rallied today, though the rally was not nearly enough to erase yesterday’s slump caused by the dovish European Central Bank. The currency pair rallied as US nonfarm payrolls surprised markets, showing barely any growth of employment. Yet the rally was capped by other parts of the report. Both the unemployment rate and average hourly earnings improved and exceeded expectations. Furthermore, the housing report was also better than forecasts had […]
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