Loonie edges up despite weak data
Economies.com
2023-06-09 20:16PM UTC
Canadian dollar rose against most major rivals mildly on Friday despite weak data.
Official government data showed the economy lost 17.3 thousand in May, while analysts expected an increase of 1.2 thousand jobs.
Canada's unemployment rose to 5.2% last month from 5.0%, while analysts expected a rise of 5.1%.
CAD/USD rose 0.1% as of 21:13 GMT to 0.7492.
Aussie
Australian dollar rose 0.4% as of 21:13 GMT to 0.6740.
US Dollar
The dollar index rose 0.2% as of 19:58 GMT to 103.5, with a session-high at 103.5, and a low at 103.3.
The Federal Reserve is convening next week to discuss policies and interest rate decisions, while investors also await crucial US inflation data for May.
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