In Asian trading, the US Dollar increased against the Canadian Dollar, trading above 1.3500 levels.
The USD/CAD recovered some lost ground in the Asian session after the pair hit a two week low in yesterday’s session and ahead of key US employment data this afternoon. In Canada, Trade Balance for May (-6.00 bln exp) will be released (13:30 GMT+1). In the US, Nonfarm Payrolls and Unemployment Rate for June (120k and 4.3% expected respectively) and Initial Jobless Claims (239k exp) will be posted (13.30 GMT+1), US Services PMI for June (53.1 exp) will be revealed (14:45 GMT+1) and ISM Non-Manufacturing PMI data for June (50.8 exp) will be released (15:00 GMT+1).