USD/CAD hits fresh multi-year high after US, Canada jobs data

FXStreet (Córdoba) - USD/CAD jumped to a fresh 5 ½-year high following stronger-than-expected US nonfarm payrolls contrasting with disappointing Canadian jobs figures.

While the US added 252,000 jobs in December, beating expectations of 240,000, Canada lost 4,300 versus a 15,000 gain expected. This series of data sent USD/CAD to its highest level since May 2009 at 1.1889.

At time of writing, the pair is trading at 1.1870, recording a 0.36% gain Friday and on track to post its seventh weekly rise in a row.