Strong employment numbers push the U.S. dollar higher and the Loonie falls

Daily Currency Update

USD - United States DollarAccording to the Bureau of Labor Statistics, total non farm payroll employment rose by 266k in November; the expected number was 181k. The U.S. dollar jumps 0.2 percent versus the Euro and 0.6 percent versus the Canadian dollar because, at the same time in Canada, employment numbers came in weaker than expected. The unemployment rate in the U.S. came in at 3.5 percent versus 3.6 percent, which was much better than expected. The labor force participation rate was little changed at 63.3 percent in November. The U.S. dollar is also outperforming the Pound and Swiss Franc by 0.2 and 0.3 percent.On the trade agreement front, Trump is again showing his unpredictability as he stated trade talks with China were "moving right along" only two days after pouring cold water on outlook. We may see phase one of a deal or at least a delay in tariffs rising by the 15th December, which is when the next round of tariff hikes is due. Equity markets around the world are higher as a result.