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Aussie Slumps below $0.7000 and the Loonie Can't Sustain Upticks Despite a Monster Jobs Report
The US dollar rose to new highs for the year last week against sterling, the Australian dollar, the New Zealand dollar, and the Norwegian krone. In late November, the greenback recorded the high for the year against the euro, yen, and Swedish krona. The high for the year was recorded in April against the Swiss franc and in August against the Canadian dollar. The greenback remained resilient in the face of some disappointing elements of the jobs report. The establishment survey found only 210k people were added to the payrolls, less than half of the 550k expected (median forecast in Bloomberg's survey) and the least ... (full story)
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