Canadian Dollar Remain High Before Jobs Report

  November 05th, 2009 at 17:10

Canadian DollarThe Canadian dollar remained neutral at the highest level in more than a week before an employment rate which is due to be published tomorrow, defining the outlook for the loonie for the next week, since jobs figures are an important data to measure a country’s economic conditions.

An employment reports to be released tomorrow is giving a sense of expectation among traders to define the next movement trends for the loonie, since if the number of jobs improve, its liked that the loonie will find grounds to gain further, specially versus its U.S. counterpart.

USD/CAD traded at 1.0631 as of 15:06 being that virtually the same rate as in the intraday comparison.

If you have any questions, comments or opinions regarding the Canadian Dollar, feel free to post them using the commentary form below.

Leave a Comment

Name Required

Email Required

Website

Comment

Archives

SUBSCRIBE

Follow Top Forex News on Twitter