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Dollar Slips, Euro Holds Steady, Jobs Report Looms


With reports on payrolls, employment, capital spending, and construction, here's your data driven FX Fix.

Investors are optimistic about a pending jobs report today, and that sentiment supported the euro. [CNBC]

The dollar, on the other hand, slipped as hopeful investors exited safe havens ahead of the nonfarm payrolls report. [marketwatch.com]

Germany Chancellor Angela Merkel again rejected the idea of euro zone bonds and said the crisis will take years to solve. [CNBC]

That huge coordinated central bank intervention followed tend says of secret rescue planning. [CNBC]

The Canadian dollar retreated after an employment report unexpectedly showed job losses in November. [CNBC]

Japanese capital spending plunged, but the yen stayed flat against the dollar. [thestreet.com]

British construction activity grew slightly in November, but the pound had little reaction with U.S. economic data looming. [Reuters]



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