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Forex
Fed’s Goolsbee: There is an overwhelming Fed consensus for multiple rate cuts
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that Fed officials are finally beginning to catch up with the broader market's…
Mexican Peso drops on political uncertainty despite soft US NFP data
Mexican Peso tumbles as USD/MXN rallies above 20.00 following mixed US jobs data, hitting a daily high of 20.09 before retreating.
Fed rate cut expectations…
US Dollar holds steady after mixed NFPs
US Dollar recovers ground after mixed August Nonfarm Payrolls data.
Fed official downplayed discussions of a larger rate cut in September than 25 bps.…
US labor market barely recovers in August – Commerzbank
In August, job growth in the US amounted to 142 thousand, which was slightly less than expected (consensus 165 thousand, Commerzbank forecast 150 thousand),…
EUR/USD surrenders gains and declines below 1.1100 after US NFP data
EUR/USD falls back below 1.1100 as the US Dollar bounces back strong despite signs of a slowdown in US labor demand.
Traders remain split over the Fed's…
OPEC+ decides to defer their planned increases in supply – TDS
The OPEC+ group's decision to defer their planned increases in supply has not been sufficient to halt the bleed in supply risk premia, TDS Senior Commodity…
GBP/USD: Quiet trade for the Sterling – Scotiabank
The Pound Sterling (GBP) is a minor underperformer on the day so far after drifting back from its early London peak just under 1.32, Scotiabank’s Chief FX…
US Dollar sets forth weekly losing streak but NFP holds key
The US Dollar falls for a third day in a row.
Investors are cautious ahead of the Nonfarm Payrolls report, which could trigger volatility around the US…
Pound Sterling consolidates near 1.3200 with focus on US NFP
The Pound Sterling refreshes a five-day high near 1.3200 against the US Dollar with US NFP in focus.
Weak US JOLTS Job openings and ADP Employment Change…
CAD: Watch for more jobs weakness – ING
The Bank of Canada delivered a widely expected 25bp rate cut on Wednesday. The BoC event did not move markets significantly, and the USD/CAD dive shortly after…