USD/CAD continues the losing streak for the third successive session, trading lower around 1.3650 during the early Asian session on Monday. The pair i
USD/CAD extends losses due to higher WTI oil prices, coupled with bumper Canada’s employment data. The Palestine-Israel conflict could contribute support for the oil prices. Upbeat US Nonfarm Payrolls provided support to underpin the US Dollar . s facing challenges due to a sharp rise in oil prices, which could be attributed to the Palestine-Israel military conflict. The conflict may have sparked a new surge in oil prices.
The jobs report for September revealed a notable increase of 336,000 jobs, surpassing the market expectation of 170,000. The revised figure for August stood at 227,000. However, US Average Hourly Earnings remained steady at 0.2% in September, falling short of the expected 0.3%. On an annual basis, the report indicated a rise of4.2%, below the anticipated consistent figure of 4.3%.
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