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Forex Trading News: CAD Employment Data Released

Posted by Mr. Danish FX on Fri, 05/09/2008 - 7:15am in

The Employment Change number comes out higher than expected at 19.2K from the previous 14.6K.  10.0K was forecast.

The Unemployment Rate comes out a drop higher as well at 6.1K from the previous 6.0%.  No change was expected. 

With the unexpected job growth, the CAD was able to firm up initially vs. the USD after this data.