[lbo-talk] Re: employment numbers, Canada & US

Doug Henwood dhenwood at panix.com
Fri Dec 5 14:45:57 PST 2003


Sami Mesrour wrote:


>another nut to crack is why the USD slid further
>against most other currencies on the back of such
>positive productivity numbers a few days ago?

There was no surprise to the productivity numbers - the upward revision was obvious, given the earlier upward revision to GDP. The weakness in the USD is its own trend (and it got weaker on today's disappointing employment figs).

Doug



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