Friday 11 May 2012

GFX Currency Alert, May 11th, 2012

Good Morning,

Today's Employment report once again showed some amazing results for the Canadian economy, we created 58.2K new jobs and then March number was not revised any lower. This is an amazing report considering that the February growth numbers showed that our economy was contracting, I can't wait to see the March growth numbers when they come out.

As we thought USD.CAD has fallen dramatically and looks now like it will go below par.

Mike

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