10
Market Commentary - 3rd July 2009
A much weaker than anticipated US non farm payrolls report for June has cast doubts on the outlook for the economy, overshadowing the improving tone of other recent indicators and pushing up risk aversion once again.
8
Euro recovers from sharp falls vs dollar
The euro recovered modestly against the dollar on Friday after falling sharply in the wake of bleak US jobs numbers which dampened hopes of a global recovery, though trade was quiet due to a US public holiday. 6
The dollar posted relatively large gains against the euro
The dollar posted relatively large gains against the euro and most other major currencies yesterday, after a weak U.S. June non-farm payrolls report encouraged speculators players to shy away from "riskier assets" ahead of today's U.S. Independen 7
Canada’s Dollar Caps Longest Weekly Losing Streak
Canada’s dollar posted a weekly decline on signs the economic recovery is faltering and as crude oil fell below $67 a barrel. 9
Euro edges up vs dollar in holiday-thinned trade
The euro recovered against the dollar on Friday as traders picked up the single European currency following its fall the previous session, when weak U.S. jobs data helped lift the dollar across the board. 10
US jobs data lead equities lower
The change in sentiment followed Thursday's non-farm payrolls report on the US labour market. The data showed that 467,000 American jobs were lost in June, significantly more than the 350,000 loss expected. 12
G8 united in not shifting reserve currencies-source
The Group of Eight leading industrialized nations are showing little enthusiasm for China's idea of questioning the dollar's status as the main global reserve currency, a G8 source involved in preparations for next week's G8 summit said on Friday 5
Brazil Real Gains Against Dollar on Signs of Recovery
Brazil’s real rose, paring losses for the week, on speculation the economy is recovering after reports this week that industrial production expanded for a fifth month and exports grew more than expected. 11
Greenback Slips From 2-week High Versus Chilean Peso
The US dollar slipped against the Chilean peso during New York afternoon trading on Friday from morning session's 2-week high of 545.50. At present, the pair is trading at 538.85, compared to Thursday's New York session close of 543.45. 15
C$ down for third straight week, bonds up
The Canadian dollar nudged higher against the greenback on Friday in thin trading with U.S. markets closed for the Independence Day holiday, but it was lower on the week, its third straight week of declines. 14
The Rising Mountain of Debt May Be the Next Crisis
The country first got into debt to help pay for the Revolutionary War. Growing ever since, the debt stands today at a staggering $11.4 trillion — equivalent to about $37,000 for each and every American. 13
Loonie heads for fifth weekly decline as recovery falters
Canada’s dollar rose, paring a weekly decline that’s been driven by signs the economic recovery is faltering and a drop in crude oil below US$67. 
