The post Canadian Dollar chalks up third gainer in a row as US NFP jobs report looms ahead appeared on BitcoinEthereumNews.com.

Canadian Dollar stretched into a third day of gains against the Greenback. Canada is absent from the economic calendar on Thursday. US markets are also shuttered for the holiday, leaving a lull in market volume. The Canadian Dollar (CAD) rose into a third consecutive day of gains against the US Dollar as Thursday markets grind away quietly. A lack of notable data has left both the CAD and the USD adrift, giving market participants a breather before Friday’s heady US Nonfarm Payrolls (NFP) jobs data dump. Canada and the US are both absent from the economic calendar on Thursday. US markets are darkened for the Independence Day holiday, while Canada has nothing useful to say. Friday is set to be a volatile capstone on the trading week, with US NFP set to eclipse Canadian labor figures entirely. Daily digest market movers: Canadian Dollar eases into higher gains on tepid Thursday Market focus will shift to Friday amid a flat Canadian release schedule and US holiday. June’s Canadian Net Change in Employment is expected to ease to 22.5K from the previous 26.7K. The Canadian Unemployment Rate is forecast to tick higher to 6.3% from 6.2%. Annualized Canadian Average Hourly Wages for the year ended in June will also be published. Canadian wages last printed 5.2% YoY growth. US NFP net job gains are forecast to ease to 190K in June, down from the previous 272K. US Average Hourly Earnings are also expected to moderate further, forecast to tick down to 0.3% MoM in June, down from the previous 0.4%. Canadian Dollar PRICE Today The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the US Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.21% -0.14%…

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Filed under: News - @ July 5, 2024 1:28 am