Investing.com - The U.S. dollar pared gains against its Canadian counterpart on Friday, but still was still hovering at a fresh 15-month peak after the release of strong U.S. employment data and a more disappointing jobs report from Canada.
USD/CAD pulled back from 1.3794, the pair’s highest since February 2016to hit 1.3741during early U.S. trade, steady for the day.
The pair was likely to find support at 1.3697, Thursday’s high and resistance at 1.4103.
The U.S. Labor Department said the economy added 211,000 jobs in April, beating expectations for an increase of 185,000. In March, 79,000 jobs were created, down from a previously estimated gain of 98,000.
The unemployment rate ticked down to 4.4% last month from 4.5%, compared to expectations for a rise to 4.6%.
The report also showed that average hourly earnings rose 0.3% in April, in line with expectations.
Meanwhile, Statistics Canada said the number of employed people rose by 3,200 in April, disappointing expectations for an increase of 10,000 and after a 19,400 gain the previous month.
The unemployment rate ticked down to 6.5% last month from 6.7%, compared to expectations for an unchanged reading.
The loonie was little changed against the euro, with EUR/CAD at 1.5096.