Canadian job growth expected amid economic slowdown; unemployment slightly rising, rate cut probability at 46%.
USD shows limited momentum near 7.2600 against CNH; range trading likely amid resistance and support levels.
Forex focus: EURUSD, USDJPY, GBPUSD as Fed weighs tariffs, inflation, and economy’s resilience amid uncertainty.
Fed’s Kugler sees policy rate as moderately restrictive, notes inflation risks from tariffs, economy shows resilience.
Trump’s 80% China tariff proposal rattles markets; dollar dips, bonds rise, investors eye upcoming trade talks.
Chinese crude oil imports rose 7.5% in April, but US sanctions may challenge future import levels.
Weekend poses high risk for traders as US eyes trade talks, EU VAT remains major obstacle.
Pound Sterling gains as BoE cuts rates; mixed MPC views highlight cautious approach amid trade deal optimism.
Tariffs may spark inflation amid weak demand, pressuring margins, complicating Fed policy, and challenging markets.
Canadian Dollar holds steady as markets digest Fed outlook, eye jobs data and rising bond market risks.
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