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Aloris FX Update, February 6th, 2014

Posted February 06, 2015

The Canadian Dollar has fallen back a little against the USD this morning after the release of unemployment data from both Canada and the United States. In Canada, there was positive job growth with the economy adding 34k new jobs compared to an expectation of just 5k new jobs. This has lowered the unemployment rate to 6.6% from 6.7%. While the U.S. numbers also came out above expectations producing 267k new jobs compared to an expectation of 225k jobs being created. Any positive signs from the U.S. economy make an increase in the Fed interest rate more likely and thus the USD has seen some strength early this morning