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USD/CAD lifts as Canadian jobs disappoint
The February Canadian jobs report has also just been released and it was not very good. Payrolls rose by just 1.1k. The split between full time and part time jobs was very much skewed towards part time gains at the expense of full time jobs, which actually fell by 19.7k. The unemployment rate did hold steady at 6.6%. The immediate reaction in the USD/CAD saw it rise to session highs, at 1.4348, but it has backed off a bit since. The price action is just like that we are seeing right now int he other majors- pretty choppy. The USD/CAD is currently trading at 1.4341 and where there is price action is in the likes of the EUR/CAD and the CAD/JPY, where the Canadian currency has lost ground following this report. The USD/CAD is right now at 1.4342
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