Market News
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Federal Reserve: Fed focus shifts to jobs – ABN AMRO
ABN AMRO’s Chief Economist Nick Kounis highlights renewed US labour market weakness, with Nonfarm Payrolls falling and household employment data softening. He notes the unemployment rate declined as labour force participation dropped to multi-decade lows, signalling cyclical weakness.
Swiss Franc gains against US Dollar after surprise decline in US payrolls
USD/CHF edges lower on Friday, erasing most of the previous day’s gains as the US Dollar (USD) weakens following a downside surprise in the US Nonfarm Payrolls (NFP) report. At the time of writing, the pair trades around 0.8080, down 0.53% on the day.
Canada: Labour market resilience supports cautious Bank of Canada – NBC
National Bank of Canada (NBC) economists Matthieu Arseneau and Alexandra Ducharme highlight robust Canadian labour data for July, with 75.1K jobs added, a lower unemployment rate and stronger private-sector hiring.
Canadian Dollar jumps after North American jobs double surprise
USD/CAD declines sharply on Friday, trading around 1.3940 at the time of writing, down 0.53% on the day, hitting its lowest level since June.
Turkey Treasury Cash Balance fell from previous 50.759B to -395.65B in July
Turkey Treasury Cash Balance fell from previous 50.759B to -395.65B in July
Fed's Barkin: Jobs data is more low hire, low fire
Thomas Barkin, President of the Federal Reserve (Fed) Bank of Richmond, participated in an online event hosted by the National Association for Business Economics on Friday.
Copper: Tariff-driven tightness faces policy risk – ING
ING Commodities Strategist Ewa Manthey highlights that Copper has surged back near record highs as traders accelerate shipments into the US ahead of potential import tariffs, tightening physical markets and draining LME inventories.
Canadian Dollar: Labour strength and BoC stance – TD Securities
TD Securities economists Robert Both and Emma Lawrence highlight a strong Canadian labour market, with July employment up 75k and unemployment at 6.4%.
Mexico: Banxico extended hold stance – Societe Generale
Societe Generale’s Dev Ashish reports that Banxico left its policy rate at 6.50%, signalling an extended pause as inflation hovers near target and real rates sit close to neutral.
Canada Ivey Purchasing Managers Index declined to 54.1 in July from previous 59.7
Canada Ivey Purchasing Managers Index declined to 54.1 in July from previous 59.7
Canada Ivey Purchasing Managers Index s.a registered at 55.1, below expectations (55.5) in July
Canada Ivey Purchasing Managers Index s.a registered at 55.1, below expectations (55.5) in July
Japanese Yen surges as weak US jobs data questions Fed rate hike expectations
USD/JPY falls toward 157.40 on Friday, down 0.65% on the day at the time of writing, as the US Dollar (USD) comes under heavy selling pressure following a much weaker-than-expected US employment report.
Euro surges as shocking US NFP reverses Fed September hike expectations
EUR/USD jumps 0.43% on the day and trades around 1.1570 at the time of writing, as the US Dollar (USD) comes under heavy selling pressure following a much weaker-than-expected US employment report.