Newsig · Forex News
USDCAD jumps on weak Canada jobs report, but fails to hold above key resistance
Canada’s September employment report was weaker than expected, with employment falling 68,300 versus expectations for a 9,200 increase. That follows a 41,700 decline in August, bringing the combined job losses over the two months to 110,000.The weakness extended across both full-time and part-time e
Why it matters
USD/CAD (US Dollar / Canadian Dollar) · Why linked: The news directly discusses the USD/CAD pair reacting to Canada's employment data. Market context: A significantly weaker-than-expected Canadian jobs report initially pushed USD/CAD higher, though the pair failed to break above key resistance, suggesting limited upside momentum.
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