Canadian Dolllar Falls after the Soft Canada job data

Canbera (DPA -AFX) – The Canadian dollar decreased against its main counterparts in the New York session on Friday, since the disappointing data of jobs increased expectations that the Canada Bank will reduce interest rates at the meeting next week.

Statistics Canada data showed that employment increased by 1,100 jobs in February, after increasing 76,000 jobs in January. Economists expected employment to rise in 19,700 jobs.

The unemployment rate remained stable at 6.6 percent in February. The rate was expected to increase to 6.7 percent.

The Loonie fell to a minimum of 3 days of 102.33 against the YEN and more than a minimum of 4 years of 1,5619 against the euro.

The Loonie decreased to 1,4377 against Back Green.

The Loonie retired to 0.9069 against the Australian, from an early 2 -day maximum of 0.9010.

The currency can challenge the support around 97.00 against the YEN, 1.58 against the euro, 1.45 against the backback and 0.92 against the Australian.

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