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  • The Wall Street Journal

    Sterling Could Rise Further Vs Euro as ECB Expected to Cut Rates Before BOE

    Pound was stronger against the euro and could continue to get a lift from expectations that the ECB will cut interest rates before the BOE.

  • Reuters

    CANADA FX DEBT-Jobs data helps lift Canadian dollar to 2-month high

    The Canadian dollar strengthened to a two-month high against its U.S. counterpart on Friday as domestic data showed the economy adding more jobs than expected last month, contributing to the recent upswing in sentiment toward the currency. Separate data showed Canada's manufacturing sector contracting for a seventh straight month in November as global industrial weakness weighed on output and new orders. Money markets still expect the Bank of Canada to ease monetary policy over the coming months but dialed back bets that the first interest rate cut would come as soon as March.

  • Reuters

    Jobs data helps lift Canadian dollar to 2-month high

    The Canadian dollar strengthened to a two-month high against its U.S. counterpart on Friday as domestic data showed the economy adding more jobs than expected last month, contributing to the recent upswing in sentiment toward the currency. Canadian employment rose by 24,900 jobs in November, eclipsing the 15,000 gain that economists had expected, although hours worked fell and the jobless rate ticked up to 5.8%, as growth in the population continued to outpace employment growth. The data added to positive sentiment toward the loonie after the currency was lifted by broad-based weakness in the U.S. dollar in recent weeks, said Michael Goshko, senior market analyst at Convera Canada.