Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

13.04.2026 New

Last weekend, the Canadian dollar fell against the U.S. dollar despite the March Canadian employment report released on the 10th showing that the unemployment rate remained unchanged from the previous month at 6.7% and that the number of new jobs came in at 14,100—exceeding the market forecast of 12,500.The USD/CAD pair rose from 1.3799 to 1.3843, trading entirely within the range of the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, prices found support near the 200-period exponential moving average (EMA), while on the daily chart, the 200-period simple moving average (SMA) acted as a support level, leading to a rebound after five trading days.

European currencies rose against the U.S. dollar as the final figures for Germany’s Harmonized Index of Consumer Prices (HICP), released on the 10th, came in line with market expectations for both year-over-year and month-over-month changes.The euro rose against the U.S. dollar from 1.1677 to 1.1739. On the hourly chart, the price moved from the -2σ to the +3σ Bollinger Bands. On the 4-hour chart, the uptrend along the 10-period moving average continues, and on the daily chart, the price has risen for five consecutive days, pushing the RSI from 43 to 61.

Today’s key economic indicators include Japan’s money supply at 8:50 a.m., remarks by Bank of Japan Governor Ueda at 3:15 p.m., Canadian housing starts at 9:30 p.m., remarks by MPC member Taylor at 10:00 p.m., U.S. existing home sales at 11:00 p.m., and remarks by Fed Governor Milan at 7:20 a.m. the following day.We will be watching for any potential recovery in the Canadian dollar against the US dollar following the employment report.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed