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The US is not the only jobs report today-check out the USD/CAD

As mentioned here much earlier this morning, the US is not the only G7 country releasing its monthly jobs report. Also at 1.30pm GMT we get the same from Canada and here is what the markets expect from that data. The monthly payroll count is expected to rise by 25k, compared to a 40.7k rise in February. The underlying rate of unemployment is forecast to rise to 5.9%, from 5.8%. As usual the spilt in part-time and full time jobs will be a factor to consider too, as will be the participation rate and average wages. Those are forecast to rise slightly, to 5%, from 4.9% in February. Ahead of this the USD/CAD has dropped back, from an Asian high at 1.3578, to test 1.3550 a short while ago. It is off that low right now. As always with this jobs release emerging at exactly the same time as the one from the US, that can make for very tricky trading and market reactions to both sets of numbers at the same time. That is something you need to be aware of, if you are involved in the USD/CAD this afternoon. The USD/CAD is currently trading at 1.3561
 

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