News in 60 Seconds

Biggest % gainers: NZD/USD up 0.60%,GBP/CHF, GBP/JPY on commodity strength and GBP strength.

Biggest % losers: AUD/NZD down 0.46% down on NZD strength..nothing else down materially.

Gold $1,155
Oil $85.89

CAD Employment Change 17.9k slightly worse than the 25.9k expected and 20.9k last time.

CAD Unemployment Rate worse thank expected at 8.2% vs. 8.1% last time but SAME as unemployment rate last time of 8.2%.

The "big money" ...still looking to buy Aussie/Canadian dollars: Reserve Managers Becoming Aussie, Loonie 'Kings' on Rate Bias, UBS Says Reserve managers are becoming the “new commodity currency kings” as near-zero interest rates in the U.S., Japan and Europe boost demand for the foreign exchange of Australia and Canada, which benefit from emerging-market growth, UBS AG said.

EUR/CHF news: Swiss Franc Falls Against Euro on Speculation SNB Intervened to Stem Gains The Swiss franc declined against the euro amid speculation the nation’s central bank sold the currency to prevent it from appreciating.

USD/MXN "Short" Carry Trade lives on: Mexico's Peso Headed for a Third Weekly Gain on Increasing Risk Appetite Mexico’s peso is headed for a third weekly gain after European Central Bank President Jean-Claude Trichet said he doesn’t expect Greece to default on its debt, spurring demand for higher-yielding, emerging-market assets.

Yuan revaluation coming?: Geithner Leaves China After Talks on Economic Ties Before Hu-Obama Summit U.S. Treasury Secretary Timothy F. Geithner left Beijing after meeting with a Chinese counterpart amid increasing speculation that the yuan may be revalued.

Sean Hyman
DailyFX Forum Moderator