The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid performance last month.

The Canadian labor ministry reported the addition of 90.4 thousand new jobs in April, while analysts expected the addition of 20.9 thousand new jobs.

The data also showed that Canadas unemployment rate stabilized at 6.1% last month, while analysts expected 6.2%.

On trading, the CAD/USD pair stabilized with a 0.1% increase to 0.7318 as of 16:44 GMT.

Aussie

The Australian dollar fell 0.3% against the US dollar to 0.6602 as of 16:44 GMT.

The Dollar

The dollar index rose 0.1% as of 16:36 GMT to 105.3, with a session-high at 105.4, and a low at 105.1.

Investors became more optimistic with hopes somewhat edging up for an early Federal Reserve interest rate cut in the summer.

According to the Fedwatch tool, theres a nearly 50% chance of a Fed rate cut at the upcoming September meeting.

Investors will have more clarity following important US consumer prices data this week.

Earlier US data showed the University of Michigans consumer confidence index fell 12.7% to 67.4 in the May reading.

The Pound

The GBP/USD traded negatively at 1.2520 as of 16:57 GMT, despite earlier data that showed a 0.4% UK GDP growth rate in March, while analysts only expected a 0.1% monthly growth data.