Loonie dips as U.S. dollar gains ground

Canadian dollar fell today against its American peer following the stellar U.S. payrolls report that blew past expectations and raised demand on the greenback. 

USD/CAD last traded at 1.3034, compared to the opening of 1.2999, with a session-low at 1.2988, and a one-week high at 1.3081. 

Loonie's losses come despite crude's recovery, as they usually go hand in hand since Canada's economy depend on oil receipts but strong labor data from the U.S. propelled the greenback further. 

On the other hand, the dollar rose versus a basket of six major rivals following the better-than-expected rise in new jobs in June, underpinning the federal currency today. 

The dollar index, measuring the greenback's performance versus an array of six major currencies, last traded at 96.37, compared to the opening of 96.25, with an intraday low at 95.77, and a one-week high at 96.69, with the index nearing a two-week high at 96.70.