A slow down: after four days of going up, US Dollar-Canadian Dollar was flat yesterday and closed at 1.3823.

Yesterday at a glance: US Dollar-Canadian Dollar dipped as low as 1.3758 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (1.3824) with USD/CAD closing the day at 1.3823.

Data from United States concerning Non Farm Payrolls was released yesterday at 13:30 UTC. Newly published figures emphasized continued decline from last month's figure of 504,000 to 311,000 this month.

Nonetheless, encouraging indicators for US Dollar-Canadian Dollar published earlier when Canada Employment Change released yesterday at 13:30 UTC is better than expected at 21,800 but down from preceding data of 150,000 according to new data. Following a previous reading of 3.4, Unemployment Rate in United States released yesterday at 13:30 UTC fell short of the 3.4 figure expected by analysts with an actual reading of 3.6.

US Dollar-Canadian Dollar's value drop coincided with the fact that USD/CHF is down to 0.9213, losing 111 pips, after ending the previous session around 0.9325.

Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: GBP/USD is trading around 1.2033 after ending yesterday's session at 1.1923 (up 0.92% today). GBP/CAD added 0.89% and closed around 1.6486 yesterday.

The currency pair has been trending positively for about a month. US Dollar-Canadian Dollar is now trading 22.13% away from its significant low of 1.1321 first tested 3 months ago.