Canadian employment growth was below forecasts, making the Canadian dollar close lower against its US peer. At the same time, the currency closed flat against the euro and higher versus the Japanese yen.
Employment — News Archive
May 10th, 2013 at 23:18
May 09th, 2013 at 11:38
New Zealand was not the only country to add jobs as Australia also pleasantly surprised Forex traders with improving employment and an unexpected drop of the unemployment rate.
May 09th, 2013 at 10:48
The New Zealand dollar climbed today after country’s employers added more jobs than was expected. Moreover, the unemployment rate demonstrated huge (and unexpected) drop.
May 06th, 2013 at 15:32
US dollar is gaining ground today, heading higher on risk aversion, and gaining strength from the fact that the economic recovery seems to be progressing. Many Forex traders are especially interested in the dollar’s performance against the yen; it looks as though the greenback is ready to test the 100-yen level again.
April 11th, 2013 at 2:13
The Australian dollar slumped today as employment data frustrated Forex market participants, being exceptionally bad and leading to speculations about probable interest rate cut by the Reserve Bank of Australia.
April 09th, 2013 at 0:22
The Canadian dollar fluctuated against its US peer as investors were unsure about prospects for the Canadian economy. The currency fell against the euro and rallied versus the Japanese yen.
April 05th, 2013 at 17:54
The Canadian dollar sank today as fundamental reports were very bad, even worse that forecasts, which were not optimistic. The currency managed to outperform the Japanese yen, which remained soft because of aggressive quantitative easing from the Bank of Japan.
April 04th, 2013 at 22:39
The Canadian dollar rose against its US counterpart today even though forecasts for Canadian employment are not particularly good. The currency also surged versus the Japanese yen, reaching the highest level since October 2008, but retreated against the euro.
April 02nd, 2013 at 2:48
The US dollar fell against other major currencies yesterday and extended its losses today. There is still a change that this week’s employment data will allow the currency to recover.
March 14th, 2013 at 9:39
The Australian dollar climbed today after the employment data came out much better than was predicted by analysts, reducing bets on an interest rate cut by the central bank.