Canadian dollar rises after robust jobs data
Economies.com
2021-07-09 16:04PM UTC
The Canadian dollar rose against most currencies on Friday, thanks to upbeat jobs data.
The Canadian Department of Labor revealed that the economy has added 230K jobs during June, beating forecasts of 172K.
The unemployment rate fell to 7.8% in June as expected from 8.2% in May.
Efforts to contain the coronavirus pandemic are continuing around the world, especially after the emergence of the new highly spreading Delta variant.
The US Non-Farm employment change reading for June, showed the addition of 850K jobs, better than forecasts of adding 706K jobs.
As pf 16:02 GMT, CAD/USD rose 0.5% to 0.8020, after hitting a high of 0.8021, and a low of 0.7963.
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