(MENAFN– ecpulse)
The U.S. dollar fell against the Canadian dollar on Friday after data showed a mixed U.S. jobs report while the Canadian currency gained on upbeat jobs data.
The U.S. dollar suffered some pressure after data by the Labor Departments aid the economy added 214,000 jobs in October, failing estimates of 235,000.
But the report was not that negative, as revisions added 31,000 for the previous two months, and unemployment ticked lower from 5.9% to 5.8% even as the labor force participation rate increased.
At the same time, the Canadian dollar rejoiced after data by Statistics Canada showed the economic added 43,100 jobs in the corresponding month, soaring over estimates of a 5,000 jobs increase.
Also, the jobless rate in Canada fell to 6.5%, well below 6.8% in September. Analysts had expected the rate to remain unchanged.
USD/CAD was last down 0.65% at 1.13466, after having earlier traded near its highest level in five years.
The Canadian dollar also gained against the Euro, with the EUR/CAD falling 0.28% to 1.4098.
The Euro rallied to a high of $1.2441 after the release of the U.S. jobs report, and was last up 0.4% at 1.24211.
The Dollar Index, which tracks the value of the U.S. dollar against a basket of major currencies, fell from a four-year high after the jobs report. The DXY was last at 87.79, down 0.28%.
Russian Ruble
The Russian ruble fell to an all-time low on Friday, making this week’s loss at 10% amid a decline in oil prices and amid the lingering Ukraine crisis.
Panic selling on Friday sent the Euro to the 60 ruble mark and the U.S. dollar to the 48 ruble mark, both for the first time ever.
The ruble however, regained some footing after the Russia central bank announced it was willing to step in at any time when it sees “risks for financial stability.”
The central bank of Russia said it was ready to increase its interventions in the foreign exchange market to defend the ailing ruble.
The ruble was in free fall on Friday morning, and investors continued the selling after Ukraine said an armored column of 32 tanks and 30 trucks had crossed the Ukrainian border from Russia.
This placed a huge threat on the September 5 truce, as it is sure to lead to further escalation of the conflict in Eastern Ukraine.
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