The US Dollar is
riding its strength after a weaker Yen pulled the US Dollar to higher levels again this morning. The US Dollar index has been moving up
quickly, pushing above 83 continuing its movement upwards.
Friday, 10 May 2013
GFX Afternoon Update May 10 2013
The Canadian
Dollar has weakened today with USD.CAD rising on the softer than expected Canadian Employment
numbers, only 12,500 jobs
were created after an expectation of 15k so slightly below the market
perception, the unemployment rate was unchanged at 7.2%. These numbers include a rise in full time
and public sector employment and a reduction in part time and private
employment which is not the greatest recipe for future job growth. The
USD.CAD has leveled off and should
trade in a narrow range
heading into the weekend.
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