• USD/CAD trades in positive territory for eight consecutive days near 1.3745 in Friday’s early Asian session. 
• The US CPI inflation was hotter than expected in September; Jobless Claims jump to a year-high
• The Canadian Unemployment Rate is estimated to rise from 6.6% in August to 6.7% in September. 

The USD/CAD pair extends the rally to around 1.3745 during the early Asian session on Friday. The hotter-than-expected US inflation data and hawkish comments by Federal Reserve (Fed) officials provide some support to the Greenback ahead of the US September Producer Price Index (PPI) and Canadian job data. 

The US inflation was higher than forecast in September, while jobless claims posted an unexpected jump. Data released by the US Department of Labor Statistics on Thursday showed that the Consumer Price Index (CPI) rose 2.4% YoY in September, compared to 2.5% in August. The figure came in above the consensus of 2.3%. The core CPI, excluding food and energy, climbed 3.3% YoY in September, above forecast and the previous reading of 3.2%. 

Meanwhile, the US Initial Jobless Claims for the week ending October 4 rose to 258K, up from the previous week's 225K. The figure was above the initial consensus of 230K.