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US: NFP rose to 236K in February

The Labour Department has informed that the US economy has created 236K jobs during February, beating expectations at 60K and previous print at 119K (revised).

The US jobless rate fell to 7.7% in the same period, down from 7.9%.

The Average Hourly Earnings rose 0.2% MoM, in line with estimates.

The Average Weekly Hours rose to 34.5, up from 34.4

US Unemployment Rate down to 7.7% in Feb from 7.9% in Jan

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Forex: USD/CAD plummets to 1.0258/59 after US/Canadian data

After peaking at 1.0316 (intraday maximum) earlier today, the USD/CAD has been trading negatively during European trading Friday, characterized by a gradual decline that took the pair above and below the 1.0300 level. However, after the reporting of both US and Canadian data, the pair found itself crashing lower, below support to 1.0258/59 in these moments.
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