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Posted March 11th, 2016 by Charles Purdy

Canadian unemployment data could boost currency

On Thursday, events elsewhere failed to grab headlines in the same way as monetary decisions made in Europe the same day. Canadian house prices held steady at 0.1% despite being expected to grow. The overall effect on the Canadian dollar was minimal as a result. Japanese manufacturing indexes forecasted for growth and this sort of movement would see some strength in the yen as a result.
Another quiet day is expected in the markets outside the US and Eurozone on Friday, with Canadian unemployment data likely to be the most significant data of the day. It is expected to show growth so we could see some added strength off the back of any releases made.

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