February 6, 2015 / 1:53 PM / 3 years ago

Canadian dollar weakens after dual North American jobs data

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch

TORONTO (Reuters) - The Canadian dollar CAD=D3 weakened slightly on Friday in the minutes after both Canada and the United States released monthly employment data for January.

Both headline figures were strong, with investors taking the U.S. numbers to mean an earlier Federal Reserve rate hike was possible.

The Canadian currency hit C$1.25, or 80 U.S. cents, before settling at around C$1.2465. It closed on Thursday at C$1.2424.

Reporting by Alastair Sharp; Editing by Bernadette Baum

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