Among the major currencies the winners were the US dollar and the British pound, with the Australian dollar not far behind. The Canadian dollar was among the back-markers, alongside the NZ dollar and the euro. The specific link between the three leaders was strong national employment data. There was no common factor to connect the laggards: In the Loonie's case it was falling commodity and energy prices, with oil down by more than 7%.
The Canadian dollar was unable to capitalise on its own respectable employment data, which showed unemployment falling to 7.0% with the addition of 44k new jobs in October, because the figures from Ottawa coincided with far stronger jobs numbers from Washington. The Canadian dollar was left two cents lower on the week against sterling and it lost three quarters of a US cent. In both cases the damage was 1%.