The Canadian dollar rose against
the greenback on Friday, giving it its biggest weekly gain in
five months, after a rebound in domestic hiring in January
cooled speculation that the central bank will cut interest
Data showed the Canadian economy added 29,400 jobs in January after losing 44,000 jobs in December, while the unemployment rate fell to 7.0 from 7.2 percent.
It was the largest employment gain since August and beat market expectations for about 20,000 new hires. Full-time positions had the largest increase since last May.
"(It) dampens expectations of the possibility of the Bank of Canada having to cut rates. But certainly with inflation remaining low, there's no pressure to start moving rates higher," said Paul Ferley, assistant chief economist at Royal Bank of Canada.
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European Central Bank President Mario Draghi stressed once again that the central bank's goal is to "ensure price stability and price stability is defined as an inflation rate which is close to 2%",
China-focused venture capital funds are increasing their bets on local technology companies and a further opening of Chinese domestic capital markets, raising money in the yuan at the fastest pace in
While there have been more abrupt and larger percentage change moves to develop through 2017, none really rival EURUSD for its exceptional performance. This benchmark currency pair - arguably the mos
The dollar gained against the yen on Thursday in Asia after the Fed took a consistent stand on paring back its balance sheet and its outlook for rate hikes.
USD/JPY changed hands at 112.30,
Australia's Reserve Bank Assistant Governor of Business Services Lindsay Boulton uses an ultraviolet light to display security features of the new A$10 bank note on the first day of its introduction