FX:Forex: Canadian Dollar falls on weak employment data
FXstreet.com (Barcelona) - The Canadian Dollar is coming off recent highs against the Euro and the USD, weighed by the unexpected increase on the Unemployment rate in November, which increased to 7.4% from the previous 7.3% as the employment volume dropped by 18.3K.
EUR/USD decline from last week highs at 1.0520 has been contained at 10..75, and the pair bounced about 60 pips higher, returning to 1.01.40. EUR/CAD retreat from 1.3570 highs on Asian session has been contained at 1.3605, and the pair bounced to session highs at 1.3680, while the AUD/CAD retreat from 10520 high on Wednesday has hit session low at 1.0350 before bouncing up, to reach 1.0410 after Canadian employment data.
