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Labour market is steady, but hiring remains uncomfortably narrow
Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable. He also noted that hiring remains…
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Gold rockets above $4,500, set for 4% weekly gain post US NFP
Gold price rises on Friday, poised to end with weekly gains of nearly 4% as an employment report in the US was mixed, with the economy adding fewer jobs than projected. Still, the…
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USD/JPY firms near one-year highs as markets scale back near-term Fed cuts
The Japanese Yen (JPY) extends its losses against the US Dollar (USD) on Friday, with USD/JPY pushing higher for a fourth straight day as the Greenback builds on its recent advance…
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USD/CAD rises as US Dollar strengthens on jobs data, Oil weighs on CAD
USD/CAD trades around 1.3900 on Friday at the time of writing, up 0.25% on the day, supported by a combination of macroeconomic factors favoring the US Dollar (USD) and weighing on…
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GBP slightly weaker, underperforms G10 currencies – Scotiabank
The Pound Sterling (GBP) is soft, down a modest 0.2% but underperforming most of the G10 currencies as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun…