The Canadian dollar weakened versus all other G10 currencies after a surprise decline in employment data on Friday. The softer labor market print prompted investors to trim expectations for additional Bank of Canada rate hikes this year. The move reflects weaker domestic growth signals and a more dovish policy outlook for Canada.
The Canadian dollar weakened versus all other G10 currencies after a surprise decline in employment data on Friday. The softer labor market print prompted investors to trim expectations for additional Bank of Canada rate hikes this year. The move reflects weaker domestic growth signals and a more dovish policy outlook for Canada.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
