A surprisingly strong NFP has the put the Democrats in a buoyant mood ahead of next weeks US Presidential race showdown. Loudly, they have seized on the pickup in hiring in the US economy, days before polling. Romney and his Republicans continue to flaunt the high unemployment rate as proof for President Obamas dismissal. At +7.9%, the current rate is just a tick higher than when the President was sworn into office three-years ago.
With less than a week to go, many votersâ€™ decisions may already be made. However, this has not stopped both US political parties from rhetoric dueling over the economy in a week that has been dominated by frankenstorm Sandy. Imagine where the US would be if both parties had agreed to cooperate in helping pass legislation aiming to promote jobs when needed?
Next week is all about following the â€˜Big Dollar.â€™ Positioning momentum and weaker Euro data is giving the greenback an end of week leg up. Will this trend continue into the new week?
- Canadaâ€™s Job Growth Slows in October
- Oct NFP: Headline and Revisions Stronger
- Housing Recovery Aides Obama
- US Manufacturing Pace Quickens
- Surprise: Canadian Economy Shrinks
- Fed response expected after Sandy, similar to Katrina
- Canada Dollar Moves Back to Parity After Economy Shrinks
- US House Prices Rebound
- Hurricane Sandy May Cause Economic Damage of $20 Billion
- Canadian Dollar Sits on Parity with US Dollar as Risk Appetite Ebbs
- US Consumer Spending Climbs more than Forecast
- Loonie Looks for Shelter
- US Money Market funds increase Eurozone investments.
- US Money Market Funds are Returning to Euro Zone
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