The Canadian dollar was slightly lower Wednesday amid lower oil prices and gloomy employment news from the United States, largest trading partner of Canada. The remoteness and 0.07 per cent, down from 103.17 U.S. cents.
The Canadian currency was higher before the issuance of payroll data from the Company of ADP found that the U.S. private sector created only 38,000 jobs in April. This was much lower than analysts estimates, which called for about 175,000 new job, from reading the same in April.
The Canadian currency was higher before the issuance of payroll data from the Company of ADP found that the U.S. private sector created only 38,000 jobs in April. This was much lower than analysts estimates, which called for about 175,000 new job, from reading the same in April.
The data from two days before the issuance of a U.S. government report non-farm payrolls for May. Economists expect the government data on Friday will show that it was adding about 200,000 jobs in May, down slightly from the increase of 244.000 April.
Oil prices more than doubled after the release of the data of Abu Dhabi Police after a weak U.S. dollar pushed crude prices more than $ 2 on Tuesday. The July contract fell in the New York Mercantile Exchange up 66 cents to $ 102.04 a barrel. And precious metals prices were slightly higher gold contract August in New York by 60 cents to a dollar an ounce 1,536.50.
Base metals and after data showed China's low relief of the manufacturing sector in April. The State of the China Federation of Logistics and procurement that the purchasing managers index, or PMI, fell to 52.9 in April, down from 53.4 in March The July copper contract fell four cents to $ 4.14 per pound. China is the world's largest consumer of copper.
Investors also looked forward to important data processing in the United States which will be released later this morning. Traders are looking to see the index of the Institute of Supply Management's manufacturing May be reduced to about 57 from 60.4 the previous month, providing further evidence that recovery in the United States is slowing down.
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