U.S. dollar now rocketing higher this week on Euro fallout. This is placing significant added selling pressure on our loonie and gold prices.
U.S. 3rd quarter released this morning at 3%, above average trade estimates of about 2.6%.
Interesting, U.S. inventory build accounted for 0.7% of GDP increase which is a head-scratcher. 2nd quarter GDP was 3.1%. Suspect U.S. GDP will begin to ease lower in later fall re-estimates ahead.
December Cdn testing next major support at 77 1/2 cents this morning . . . .
U.S. 3rd quarter released this morning at 3%, above average trade estimates of about 2.6%.
Interesting, U.S. inventory build accounted for 0.7% of GDP increase which is a head-scratcher. 2nd quarter GDP was 3.1%. Suspect U.S. GDP will begin to ease lower in later fall re-estimates ahead.
December Cdn testing next major support at 77 1/2 cents this morning . . . .
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