Currencies News

If Jobs Gains Are a Guide, Look for More Dollar Friendly Reports

12:00 am ET

If the stellar jobs report is any guide of economic strength in May, reports next week may provide more impetus for strength in the dollar.

Canada Dollar Rises as Forecast-Busting Jobs Data Backs Poloz

The Canadian dollar gained against all of its major peers after the country added six times as many jobs in May as forecast, bolstering Bank of Canada Governor Stephen Poloz’s view that the economy will rebound from oil’s collapse.

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