🇨🇦 CAD SURGES TO 8-WEEK HIGH 🚀 — Jobs Shock Beats Estimates!
The Canadian dollar just jumped 0.6% to 1.3935 per USD, hitting its strongest level since June 11.
🔥 What triggered the move?
🇨🇦 Canada added 75,100 jobs in July — crushing the 16,500 forecast.
📉 Unemployment fell to 6.4%, a 2-year low.
🇺🇸 U.S. jobs data disappointed, weakening the USD.
🛢️ Oil remained firm around $77.64, supporting the commodity-linked CAD.
💡 Market Impact: Stronger Canadian data + weaker U.S. employment = narrower Canada-US yield spreads, giving the loonie another boost.
👀 Key question: Can CAD extend the rally if the USD continues weakening?
Trade Here 👉 $TUT | $WLFI | $BTW
#BIP110SoftForkAttemptBegins #SouthKoreaProposesLooseningCryptoShareholderRules #SenateReadiesSeptemberCLARITYActVote #StreamerClub #Write2Earn
The Canadian dollar just jumped 0.6% to 1.3935 per USD, hitting its strongest level since June 11.
🔥 What triggered the move?
🇨🇦 Canada added 75,100 jobs in July — crushing the 16,500 forecast.
📉 Unemployment fell to 6.4%, a 2-year low.
🇺🇸 U.S. jobs data disappointed, weakening the USD.
🛢️ Oil remained firm around $77.64, supporting the commodity-linked CAD.
💡 Market Impact: Stronger Canadian data + weaker U.S. employment = narrower Canada-US yield spreads, giving the loonie another boost.
👀 Key question: Can CAD extend the rally if the USD continues weakening?
Trade Here 👉 $TUT | $WLFI | $BTW
#BIP110SoftForkAttemptBegins #SouthKoreaProposesLooseningCryptoShareholderRules #SenateReadiesSeptemberCLARITYActVote #StreamerClub #Write2Earn