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fxJun 5, 2026, 11:47 AM

Canadian Dollar Recovers from Two-Month Low Ahead of Jobs Data

The Canadian Dollar pared losses against the US Dollar on Friday, with USD/CAD trading at 1.3880 after hitting a two-month high of 1.3925 earlier. Markets await US and Canadian jobs data.

USDCAD

The Canadian Dollar (CAD) bounced from its lowest level in two months on Friday, trimming losses against the US Dollar (USD). The USD/CAD pair was trading at 1.3880 at the time of writing, having earlier reached a two-month high of 1.3925.

Traders are now focused on upcoming employment reports from both the US and Canada, which are expected to provide further direction for the currency pair. The data releases could influence expectations for monetary policy in both countries.

Source: FXStreet Forex News