FX Weekly: 6th December 2010

 US dollar runs aground but closes November as a surprisingly strong performer considering the extension of QE earlier this month

 Swiss Franc took in more safety bids as European sovereign debt woes continued to pester financial market participants

 Large disparity between ADP and non-farm employment reports underlined the reality that the US labour market remains weak

 USD suffered while US equities rose close to new highs. Weak Dollar, stronger stocks correlation is holding

 Disappointing Canadian GDP at -0.1% m/m - only the 2nd Oct 2009. Rapid, bump free, recovery in the emerging markets is not assured negative print since




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