Knightsbridge Foreign Exchange

Knightsbridge Foreign Exchange: TORONTO - The Canadian dollar fell to its weakest level against the U.S. dollar in 21 months on Friday after North American jobs data showed Canada losing a modest 400 jobs and the U.S. labor market steadily improving, according to Reuters. "It's still a U.S. dollar story. It has been for weeks if not months, and today's U.S. job report was essentially a home-run," said Rahim Madhavji, president at commercial foreign exchange dealing firm Knightsbridge Foreign Exchange and By Solarina Ho U.S. jobs growth was stronger than expected last month, with employers adding 195,000 new jobs and an upward revision for both April and May. The numbers added to expectations that the Federal Reserve may be ready to scale back its bond purchases as early as September. (www.immigrantscanada.com). As reported in the news.