Investing.com - The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Unemployment Rate.
USD/CAD was trading at 1.0019, up 0.27% at time of writing.
The pair was likely to find support at 0.9964, Wednesday’s low, and resistance at 1.0070, Monday’s high.
Earlier in the day, official data showed that The rate of unemployment in Canada rose unexpectedly to a seasonally adjusted 7.6% last month from 7.5% in the preceding month.
Analysts had expected Canadian unemployment rate to remain unchanged at 7.5% last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.12% to hit 1.3159 and GBP/USD rising 0.14% to hit 1.5828.
USD/CAD was trading at 1.0019, up 0.27% at time of writing.
The pair was likely to find support at 0.9964, Wednesday’s low, and resistance at 1.0070, Monday’s high.
Earlier in the day, official data showed that The rate of unemployment in Canada rose unexpectedly to a seasonally adjusted 7.6% last month from 7.5% in the preceding month.
Analysts had expected Canadian unemployment rate to remain unchanged at 7.5% last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.12% to hit 1.3159 and GBP/USD rising 0.14% to hit 1.5828.