Friday, October 16, 2026

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USD/CAD climbs pre-Canada jobs data

USD/CAD rises to test 1.2740 offers pre-Canada jobs data at 1230GMT 5k fall in employment forecast. Jobless rate forecast to rise to 6.7%, from 6.6% Worse than expected numbers may encourage further USD/CAD gains to/thro…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/CAD rises to test 1.2740 offers pre-Canada jobs data at 1230GMT

  • 5k fall in employment forecast. Jobless rate forecast to rise to 6.7%, from 6.6%

  • Worse than expected numbers may encourage further USD/CAD gains to/through 1.28 level

  • 1.28 = Jan 30 high & Wednesday's high

  • Bull targets among 1.30 beyond

  • 1.2613 = Thursday's low, after profit-taking on longs (from 1.28) 

 

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