Loonie edges lower after disappointing unemployment data
The Canadian dollar slipped on Friday following the release of mixed data on the Canadian jobs market.
The Canadian economy has added 952.9K new jobs in June, beating forecasts of 700K jobs.
Canada's unemployment rate fell to 12.3% from 13.7% in May, which is worse than forecasts of 12%.
The Canadian Prime Minister "Justin Trudeau" has announced that his country has already controlled and contained the virus "Corona" compared to what the United States suffers from.
Coronavirus infections rose to more than 12 million confirmed cases worldwide, and the death toll of 553,000 victims, with three million confirmed cases in the US alone.
As of 16:14 GMT, CAD/USD fell 0.2% to 0.7348, after hitting a high of 0.7367 and a low of 0.7335.
Dollar slips despite President Trump's remarks
The US dollar fell against most of its peers Friday, to maintain slim losses despite President Donald Trump's remarks.
President Donald Trump said that the Phase-Two trade agreement with the China is currently has become a low priority, adding "i have many other things in mind".
Trump stressed that two countries' relations has been severely damaged due to China’s mishandling of the coronavirus outbreak, that has spread to the US and many other countries.
He pointed out that China could have stopped the spread of the virus before the global outbreak this year, which is still ongoing rapidly.
The US producer price index reading for June shrunk by 0.2%, lower than forecasts of rising by 0.4%.
The dollar index fell against a basket of currencies by 0.1% to 96.6 points as of 18:17 GMT, after hitting a high of 96.9 and a low of 96.4.
Oil extends gains, but heads for weekly loss
Oil prices rose Friday, amid optimism about the global demand, despite the lingering uncertainty and concerns about the coronavirus crisis.
Baker Hughes showed today that the US oil drilling rigs fell by 4 to a total of 181 this week.
The dollar index fell against a basket of currencies by 0.1% to 96.6 points as of 15:56 GMT, after hitting a high of 96.9 and a low of 96.4.
US President Donald Trump said today that a new trade agreement with the Chinese side isn't a top priority, after the two countries’ relationship has been severely damaged.
West Texas Intermediate crude rose 2.3% to $40.5 a barrel, after it hit an intraday high of $40.7 and a low of $38.5.
Brent rose 2.3% to $43.3 a barrel, with a high of $43.3 and a low of $41.3.