While the US dollar holds steady following the US jobs reports on Friday
The loonie tops the major bloc as momentum from Friday's sizzling hot Canadian employment numbers continued into today's trading. Adam had an interview over the weekend at the BNN studios to give his thoughts on the matter and what's to come for the loonie, you can check it out here.
Anyway, the dollar holds steady as we start the week - gaining against the rest of the major pairs (as I write this it's also gained past the CAD as well). Last week's US jobs report sees things take a relative pause as the unemployment rate and wages data hold steady for the month of December.
Nothing else happened to have impacted the dollar, but a steady ship certainly signals a better outlook than a sinking one I guess. The NZD is holding up as well compared to the other major pairs - as AUD/NZD selling is helping to boost it a little.
Other major currencies are lower against the dollar but not by much. The AUD is the laggard for the day as selling against both the dollar and the kiwi is keeping the aussie pinned lower for the day. I highlighted more on that here.
