November 29, 2022

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USD is the strongest of the majors after the US jobs report

1 min read

Not too surprising

A snapshot of the strongest of the weakest now shows the USD is the strongest of the majors. The EUR is the weakest. The dollar is up 0.42% vs the EUR. It is up only 0.14% vs the CAD. The CAD jobs report came in weaker than expected but oil is up and traders may be giving the loonie a free pass given the US economy’s potential impact on Canadian growth. 

Not too surprising

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