USD/CAD 1.4147, -0.0013, -0.09%
Today the USD/CAD is trading at 1.4147. The currency pair is trading low because today the main focus of many investors is on the Unemployment Claim Report that is going to be announced today which is expected to show an increase of 4.2million people who filed for unemployment benefits. The total number of unemployed is likely going to reach 26 million since the beginning of the Covid-19 situation. This event is important because it shows the number of unemployed people which is an important indicator of overall economic health because consumer spending is linked with labor-market conditions.