USD/CAD reacted with a drop after positive employment numbers were released: 28,400 jobs were gained. A rise of 14K was expected. This move was short-lived, as the tension mounts towards the US Non-Farm Payrolls. The Canadian unemployment rate remained at the low level of 7.4%, as expected.

USD/CAD dropped on the news down to 0.9560, and is now moving higher,. It bounced off 0.96 before the release.

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