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April 08, 2023Yesterday at a glance: USD/CAD closed yesterday at 1.3503 (with a daily low of 1.3503) after ending Thursday at 1.3484 and gaining 0.14%.
This move comes while some more positive signs for US Dollar-Canadian Dollar are out as highly important Non Farm Payrolls data from United States beat analyst expectations of 239,000 with a reading of 236,000.
Nevertheless, United States Unemployment Rate beat the 3.6 projections, with 3.5.
At the same time, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.
A look at other currencies also shows bullish price action as USD/JPY went up by 0.34% yesterday, and closed at 132.14. EUR/JPY is trading around 144.13 after ending yesterday's session at 143.75 (up 0.27% today).
Meanwhile, after ending yesterday's session at 1.9917, GBP/NZD lost 74 pips and is trading around 1.9842.
The currency pair has been trending lower for about 29 days. As things stand, US Dollar-Canadian Dollar is 19.1% away from a significant low of 1.1321 first set 4 months ago.
