Rally in Risk Appetite Losing Steam, Dollar Rises
Rally in Risk Appetite Losing Steam, Dollar Rises
The dollar gained strength against the majors as rally riskier assets subsides in early trading. The EurUsd fell a bit over 100pips to the mid 1.29 level, while the UsdJpy moved slightly lower to 95. The GbpUsd dropped 125pips to the mid range of 1.53, consistent with the […]
U.K. Jobless Claims Hits Seven-Year High, Unemployment Rate Rises to 2.7%
U.K. Jobless Claims Hits Seven-Year High, Unemployment Rate Rises to 2.7%
Canadian Employment Rises Unexpectedly; the Unemployment Rate Bumps up to 6.2%
Canadian Employment Rises Unexpectedly; the Unemployment Rate Bumps up to 6.2%
Employment in Canada rose 9,500 in October, stronger than market expectations of a 10,000 drop, after the 107,000 surge in September. However, the modest increase in employment did not prevent the unemployment rate from rising to 6.2% from 6.1% in September. The key wage measure […]