Skip to main content

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

73.77% of retail investor accounts lose money when trading CFDs with this provider.

Yesterday's US labour data are bad news for USD
Yesterday's US labour data are bad news for USD

Yesterday's US labour data are bad news for USD

The USD is currently being influenced by investors' perception of whether the Federal Reserve will raise interest rates yet again next week.

The USD is currently being influenced by investors' perception of whether the Federal Reserve will raise interest rates yet again next week. The US initial unemployment claims data released yesterday slightly exceeded the forecast and the previous value. In the past week, there were 261,000 new unemployment claims. If the data will continue this way, the USD/CAD pair will resume its decline.

USD/CAD

Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.

Why trade with Libertex?

  • Get access to a free demo account free of charge.
  • Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
  • Use a multiplier of up to 1:30 (for retail clients).
  • Operate on a platform for any device: Libertex and MetaTrader.
Back