At 13:30 GMT, the Canadian economy released its reading for the unemployment rate at 5.6% in December, better than forecasts of 5.8%, and better than the previous reading of 5.9%. This data is considered positive for the Canadian dollar.

At 13:30 GMT, the Canadian economy released its reading for the employment change index, as the economy has added 35.2K jobs in December, higher than forecasts of adding 24.9K new jobs, and higher than the previous reading of losing 7.1K jobs. This data is considered positive for the Canadian dollar.

At 13:30 GMT, the US economy released its reading for the non-farm employment change index, as the economy added 145K new jobs in December, lower than forecasts of 162K jobs, and lower than the previous revised reading of 256K from 166K. This data is considered negative for the US dollar.

At 13:30 GMT, the US economy released it reading for the average hourly earnings for December, which rose by 0.1%, lower than forecasts of 0.3%, and lower than the previous revised reading of 0.3% from 0.2%. This data is considered negative for the US economy.