USD/CAD Weekly Forecast: Dollar Slips Amid Weak NFP
The monthly US employment report showed an increase in the unemployment rate to 4.1%. The Canadian labor market weakened sharply, and the economy lost jobs in June. Next week, investors…
The monthly US employment report showed an increase in the unemployment rate to 4.1%. The Canadian labor market weakened sharply, and the economy lost jobs in June. Next week, investors…
The dollar fell amid increasing expectations of a Fed rate cut. The Euro got some relief after the first round of French elections. Next week, the US will release data…
Investors are eagerly awaiting the US non-farm payrolls report. For the first time in more than a month, the yen is rising against the dollar. The yen has lost 12…
The dollar weakened on Friday after a week of poor economic data. Economists expect the US economy to add 191,000 jobs in June. Investors were cheering for the impending victory…
US private employers hired fewer workers than expected in June. There was an unexpected increase in jobless claims from 234,000 to 238,000. The UK service sector contracted by a smaller…
Business activity in the US service sector fell to its lowest level in 4 years in June. US private employment fell in June. Canada's trade deficit in May was larger…
Powell noted significant improvement in US inflation. There was an unexpected jump in US job creation in May. Eurozone inflation eased last month, but underlying price pressures remained high. EUR/USD…
Oil briefly hit a two-month high, helping the Canadian dollar rise. Canada's manufacturing sector remained in contraction in June. The US dollar weakened after Powell's dovish remarks. The USD/CAD forecast…
US Treasury yields jumped overnight amid expectations of a Trump victory. Data from Monday showed that the US manufacturing sector contracted further in June. Investors estimate a 36% chance that…
Japan cut its first-quarter GDP data to show the economy shrank more than reported. A rise in US Treasury yields weighed on the yen. Investors await Fed Chairman Powell's speech.…