Currency Note Worldwide

Strong week for Canadian dollar

By Ricky Bean January 11th, 2016

The Canadians finished last week strongly on Friday with some encouraging employment change data that was twice as good as expected. As a result of this strong data, the Canadian dollar gained on all major world currencies, barring its North American counterpart.

This week we have the first important data release on Wednesday, when China releases its trade balance figures, and on Thursday, with employment figures from Australia, which have shown progression in the last two months – investors will be hoping that the trend continues.

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