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Canadian dollar rebounds after a stronger jobs print

USD/CAD rose back to 1.4157 after dipping to 1.4120 following Canada’s June employment report showing 18.2K jobs vs 10K expected.

Reported · Written up by our desk · Major Pairs

Forexlive’s FX wrap for July 10 said the Canadian dollar initially gained after Canada’s June employment report came in stronger than expected, adding 18.2K jobs versus 10K expected.

Even so, the move faded, with USD/CAD sliding to 1.4120 before rebounding to 1.4157 as broader US dollar strength returned to the market.

The wrap also noted USD/JPY slipped by 65 pips, reaching a peak of more than a full cent, and highlighted ongoing pressure from yen weakness despite limited intraday declines.

Traders were also watching signs of shifting rates and risk appetite around major macro and geopolitical headlines, with oil and gold reacting late in the session.

Latest closeGold $4,128.90 ▼0.0%|USD/JPY 161.67 ▼0.5%

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