Both US and Canada posted better
job data numbers than expected. Particularly Canada that showed 6 times more
employed people than expected. US job market also seems to be thriving. I do
not know if that is really so, but numbers look positive and this was reflected
in the price action on Friday. Canadian dollar ruled like a king against all
currencies. The second best was of course US dollar.
New Zealand dollar lost ground
below its feet and collapsed like a deck of cards. Those two commodity currencies
(New Zealand dollar and Australian dollar) will probably continue weakening for
the time being. You can expect more of strength from Canadian dollar though.
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