Canada’s Employment Change and Unemployment Rate landed at 12:30 UTC on 9 October, and the Canadian dollar eased against every major counterpart. USDCAD led the move, climbing 0.24% as the US dollar firmed on the loonie.
Where the Canadian dollar moved
USDCAD posted the largest reaction, rising 0.24% from 1.4249 to 1.4284. GBPCAD and EURCAD followed in lockstep, each adding 0.21%: sterling moved from 1.8835 to 1.8874, and the euro from 1.5963 to 1.5997.
Against the franc, the loonie weakened too. CADCHF, the only CAD-base pair here, fell 0.19% from 0.5832 to 0.5821 β a lower quote that again reads as a softer Canadian dollar. AUDCAD and NZDCAD each rose 0.14%, to 0.9961 and 0.8008 from 0.9946 and 0.7996.
What the reaction shows
The reaction was broad and even rather than concentrated. All six pairs pointed the same way β the Canadian dollar lower against the US dollar, pound, euro, franc, Australian dollar and New Zealand dollar β with no single cross breaking far from the pack.
The magnitudes stayed modest, every move sitting at or below a quarter of a percent in the immediate reaction. That makes this a uniform, measured softening in the loonie rather than a sharp repricing.
Descriptive market news from the ForexBullion Research Team. Not investment advice.
