Investing.com - The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Unemployment Rate.
USD/CAD was trading at 0.9929, down 0.38% at time of writing.
The pair was likely to find support at 0.9888, Monday’s low, and resistance at 1.0034, Tuesday’s high.
Earlier in the day, official data showed that The rate of unemployment in Canada remained unchanged unexpectedly at a seasonally adjusted 7.60% last month from 7.60% in the preceding month.
Analysts had expected Canadian unemployment rate to rise to 7.70% last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.2980 and GBP/USD falling 0.09% to hit 1.5460.
USD/CAD was trading at 0.9929, down 0.38% at time of writing.
The pair was likely to find support at 0.9888, Monday’s low, and resistance at 1.0034, Tuesday’s high.
Earlier in the day, official data showed that The rate of unemployment in Canada remained unchanged unexpectedly at a seasonally adjusted 7.60% last month from 7.60% in the preceding month.
Analysts had expected Canadian unemployment rate to rise to 7.70% last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.2980 and GBP/USD falling 0.09% to hit 1.5460.