Topping investors’ agenda this week is the Sino-U.S. trade dispute and Canada NAFTA talks - which are both threatening to escalate along with EM fallout as Argentina’s austerity measures shake emerging markets.
Canada’s economy created 31.8 thousand jobs in June, well above the estimate of 22.3 thousand. With Bank of Canada’s July rate decision on Wednesday largely based on economic data, Friday’s strong job creation data is ammunition in favor of raising rates this week.
The U.S. dollar closed the week mixed against major pairs after the U.S. non farm payrolls (NFP) headline jobs number failed to meet expectations. Fed Chairman Jerome Powell spoke on Friday and reassured investors the central bank would be gradually increasing borrowing costs in the U.S.
The U.S. dollar is mixed against major pairs ahead of the March Federal Open Market Committee meeting. The Fed is expected to deliver its first interest rate lift under Chair Jerome Powell. More about when this may happen here.
The US dollar remains weak versus most majors due to downward pressure from the government shutdown. The House of Representatives passed a short-term funding bill, but it did not get enough votes to pass the U.S. Senate.
Despite markets being closed for Martin Luther King Jr.'s holiday, the U.S. dollar is in trouble and headed for the fourth day of losses against G10 currency pairs. Here are the 5 things you need to know.
The US dollar depreciated on Friday touching a five-week low against major currencies. European PMIs beat expectations while US's disappointed. US President Donald Trump will meet with Senate Republicans to discuss the vote on the Senate bill to be voted later in the week.
The Trump Administration scored a major victory in Congress passing the tax overhaul bill by a vote of 227–205 while Brexit negotiations continue but there has been a recent string of concerns regarding how well thought out the whole divorce strategy really is. Here's your week ahead.