Forex | Forex | It's all about employment data in the US and Canada this morning (04/09/2009 14:05:27)

It's all about employment data in the US and Canada this morning

Market Summary It was always going to be about the US August payrolls report today and FX markets were predictably trading in tight ranges going into the numbers. One exception was the Canadian dollar, which took encouragement from an upside surprise in the Canadian August jobs report. The US payrolls data was slightly disappointing, with the highlight being the rise to 9.7% in the unemployment rate, another high for the current cycle and the highest since 1983. This suggests the job market


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