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Canadian monthly jobs report also in the spotlight at 12.30pm GMT -USD/CAD close to session highs
The US PPI report is not the only data release in the spotlight shortly this afternoon. We also get the monthly Canadian jobs report due out at the same time, at 12.30pm GMT. The markets are expecting a slight increase in the underlying level of Canadian unemployment last month, to 6.7%, from a prior reading of 6.6%. Payrolls are forecast to rise by around 27k, compared to in increase of 22.1k in August. Ahead of this report the USD/CAD has been pressing a little higher today, reaching a high so far at 1.3779. The low seen earlier today was set at 1.3739 and the pair closed last night in the US at 1.3742. An update here will follow once the data is released. The USD/CAD is currently trading at 1.3773
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