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News in 60 Seconds: Canada blows out its employment numbers to the upside!

Rating: 1 votes, 5.00 average.
by , 07-09-2010 at 09:56 AM (1964 Views)
CAD blows out its employment numbers to the upside: Employment Change +93.2k vs. 17.9k expected. Last time was 24.7k.

CAD Unemployment Rate better/lower at 7.9% vs. 8.1% expected and 8.1% last time. http://www.dailyfx.com/forex/fundame...mployment.html

Biggest % gainers: CAD/JPY up 1.32%, USD/CHF, GBP/CHF, EUR/CHF on CAD strength and CHF weakness.

Biggest % losers: EUR/CAD down 1.65%, AUD/CAD down 1.24%, USD/CAD down 1.06%, on CAD strength.

GBP PPI Input m/m worse at -0.2% vs. 0.1% expected. Last time revised higher to -0.2% vs. -0.6% formerly.

CAD Housing Starts worse at 189k vs. 193k expected but last time was revised higher to 195k vs. 189k expected. So overall, with the upward revision from last time, not so bad after all.

Gold $1208
Oil $75.46

Sean Hyman
DailyFX Forum Moderator

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