USD/CAD Refreshes Four-Month High Near 1.3640 on Solid US NFP and Weak Canadian Employment

Friday, 5 April 2024, 14:17
The USD/CAD pair surged to a four-month high of 1.3640 driven by robust US non-farm payrolls data and disappointing Canadian employment figures. This significant movement reflects the contrasting economic conditions between the two countries, impacting the currency pair's performance. Traders are closely monitoring these factors to gauge the ongoing strength of the US dollar against the Canadian dollar.
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USD/CAD Refreshes Four-Month High Near 1.3640 on Solid US NFP and Weak Canadian Employment

USD/CAD Surges to Four-Month High

The USD/CAD pair has hit a fresh four-month high at 1.3640 in Friday's early American session. The sharp rise is attributed to

  1. Strong US Non-Farm Payrolls (NFP) Data
  2. Weak Canadian Employment Figures

This significant movement indicates the economic disparities impacting the currency pair's trajectory.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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