|USD on sale||UK manufacturing poor|
|Yen rally slows||Canadian jobs data good|
After enjoying several days of buying interest the US dollar is seeing renewed selling interest on a thin day of trading as we head into the weekend. While most currencies are stronger against the dollar the Canadian dollar is doing the best this morning as they had much better than expected unemployment numbers. Canadian dollar is also getting a nice boost from an upswing in oil prices and higher housing starts.
In other news the UK had worse than expected manufacturing production data reducing the gains for the pound. In the Asian markets the Yen’s rally yesterday has stalled out as Japan’s Finance Minister Aso made comments about how the Yen’s movements are undesirable due to their abrupt nature.
EURUSD: Euro is flat this morning trending down after Draghi’s comments yesterday.
GBPUSD: The pound is up slightly despite the poor manufacturing data on renewed USD selling interest.
AUDUSD: Aussie dollar is up as commodities strengthen and USD is being sold.
USDCAD: Canadian dollar much stronger this morning on good unemployment and housing data and higher oil prices.