Forex Today: US Dollar consolidates losses, CAD awaits employment data – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
The US Dollar holds steady on the last trading of the way after having suffered large losses against its major rivals on Thursday. There won't be any high-tier data releases from the Eurozone nor the US ahead of the weekend. In the early American session, Statistics Canada will release the jobs report for May.
Swiss National Bank Chairman Thomas Jordan said on Thursday it would not be a good idea to wait for inflation to rise and then have to raise interest rates. These comments provided a boost to the CHF andclosed the third straight day in negative territory on Thursday and continues to edge lower early Friday. The pair was last seen trading slightly below 1.3350. The Unemployment Rate in Canada is forecast to tick up to 5.1% in May from 5% April.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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