Canadian dollar climbs after labor data

Canadian dollar rose on Friday after strong Canadian labor data earlier today.

According to the official data, the economy added 41.4 thousand new jobs in April, while analysts expected an addition of 21.6 thousand jobs. 

Unemployment stabilized at 5%, same as before, while analysts expected an increase to 5.1%. 

CAD/USD rose 1.2% as of 20:39 GMT to 0.7471. 

Dollar

The dollar index fell 0.2% as of 20:22 GMT to 101.2, with a session-high at 101.7, and a low at 101.1. 

Data

Recent data showed US unemployment claims fell to 3.4% in April, from 3.5%, beating estimates of 3.6%.

US economy added 253 thousand new jobs in April, beating estimates of 181 thousand, and up from 165 thousand in March.

Aussie

Australian dollar rose 0.8% against US dollar as of 20:39 GMT to 0.6750.