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USD/CAD mostly unchanged after mixed Canadian jobs report
The details of the Canadian July jobs report have just hit the screens. The impact of this report has not yet impacted the USD/CAD. That is because whilst payrolls fell back by 2.8k (expected to rise by 25k), the unemployment rate remained at 6.4%, where the markets had anticipated a rise to 6.5%. In addition the split between full-time and part time jobs was skewed much more in favour of full time employment- they rose by 61.6k, where part-time jobs fell by 64.4k. So a mixed message for the Canadian dollar really and that probably explains the lack of movement seen so far. The USD/CAD was trading around 1.3740 ahead of the release and it is still around there now
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