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Friday, June 9, 2017

[FOREX NEWS] Canada gains 54.5K jobs – USD/CAD falls

After a pause of one month in job gains, the Canadian economy is back on track and enjoys accelerated hiring. No less than 54.5K jobs were gained in May, much more than 15K expected. The unemployment rate remains at 6.5%, but the participation rate is on the rise: 65.6% to 65.8%. USD/CAD dropped to a [...]

The post Canada gains 54.5K jobs – USD/CAD falls appeared first on Forex Crunch.



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[FOREX NEWS] Conservatives could remain in power – GBP/USD stabilizes above 1.27

With the final seats being decided upon, we could get a less hung parliament than the one that was evident a few hours ago, when pound/dollar hit a low of 1.2635. While no party has an absolute majority, the Conservatives could continue governing. With 318 seats, May’s Tories could find support from the Northern Irish DUP [...]

The post Conservatives could remain in power – GBP/USD stabilizes above 1.27 appeared first on Forex Crunch.



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[FOREX NEWS] GBP/USD extends losses on the most hung of hung parliament

GBP/USD now trades at 1.2660, making a decisive fall to the downside. Further support awaits at 1.2615, followed by 1.2540. The low so far has been 1.2635, and it is not necessarily over. Exit polls pointed to a hung parliament and the real results gradually confirmed them. After 645 out of 650 of the seats [...]

The post GBP/USD extends losses on the most hung of hung parliament appeared first on Forex Crunch.



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