Canada Employment Data Much Stronger; All Eyes on NFP (Morning Slices) (Daily FX)
May 8, 2009 by admin · Leave a Comment
Fundys – Canada employment data is much better than expected after jobs rose by 35.9k after the markets were looking for a 50k decline. The unemployment rate also held steady at 8.0% when analysts had been expecting a rise to 8.3%. This has opened a fresh wave of Cad buying with Usd/Cad dropping to fresh 2009 lows into the 1.1500’s. The markets have held up quite well overnight despite the …
