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CAD Rises on US Jobless Claims and Chinese Data

The Canadian dollar saw an uptick Thursday, pushed upwards by strong export and import data from the U.S. that eased some concerns over the slowdown in the world’s second-largest economy.

The loonie climbed 0.08 of a cent (U.S.) to 96.02 cents before stock markets opened.

China reported that exports were up 5.1 per cent from a year earlier, while imports jumped 10.9 per cent In the U.S., unemployment aid applications were up 5,000 to 333,000 in July, a sign that signals steady job gains.

via Globe and Mail [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza