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Forex Flash: CAD lead by Canadian labour numbers – BTMU

By FXstreet.com,  January 07, 2013, 04:53:00 AM EDT

FXstreet.com (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ believes that CAD will likely continue to derive support from improving labour market conditions in Canada.

He writes, "The Canadian employment report for December again proved robust adding 39.8k jobs following 59.3k jobs in November which helped take the unemployment rate to a new cyclical low of 7.1% reinforcing expectations that the BoC may tighten policy in late 2013."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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