Epic Research Singapore : Forex Market Updare

The dollar USDCAD +0.4856%  jumped to 1.1085 Canadian dollars from 1.0977 Canadian dollars late Tuesday. The dollar briefly pushed above 1.10 Canadian dollars Tuesday and has been hovering near September 2009 levels for much of January, according to FactSet data.  
 The British pound GBPUSD -0.06%  increased to $1.6576 from $1.6473 late Tuesday after the U.K. unemployment rate dropped to 7.1% in the three months to November. That puts the jobless rate just above the 7% level laid out by the Bank of England as a prerequisite for it to consider an interest-rate hike. 

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