USDCAD. Key event – Unemployment Rate (Canada) (April 5th 15:30 GMT +3)

During the last two months Canadian unemployment rate was significantly worse than expectations. What is more, low oil prices is a massive negative factor for the economy of this country. If the actual result is worse than the expectation yet again it will have a massive negative effect on the value of Canadian Dollar.

Unemployment rate should be taken into the consideration first. Only then traders should consider the nominal employment change.

As well as many other major currencies, Canadian Dollar strengthened against American Dollar last week. At one point total decrease was almost 300 points. But at the end of the week there was a somewhat upward correction. Start trading with FREE DEMO https://iqoption.com/promo/binary-options_en/?aff=21262