The past week had numerous economic events, with the most notable ones in the U.S., particularly regarding labor market data. The nonfarm payroll figures printed slightly above expectations, the unemployment rate declined to 3.7% and average hourly earnings increased by 0.4%. While this data indicates that labor market conditions remain tight, there are signs of a weakening trend, as suggested by Citi analysts who pointed out that employment gains have been narrowing in recent months, acting as a forward-looking indicator.Monetary policy announcements from Australia and Canada were also highlights of the week. Both the RBA and BoC opted to maintain their policy rates unchanged, but their acc
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