Gold up $33 to $3355US 10-year yields up 7.1 bps to 4.42%WTI crude oil up $2.14 to $68.71S&P 500 down 0.3%USD leads, JPY lags
We went into the day waiting for Trump's letter to the EU with a higher tariff rate but it has yet to arrive. Reports late in the day are mixed with some saying there are no meetings planned for the weekend and others highlighting sticking points around agriculture and autos. All the reports highlight that any deal hinges on the whims of the President.
That's part of the reason the euro was down just 20 pips on the day and USD/CAD up 40 pips. Also in the case of the latter, the June Canada jobs report was sparkling with strong employment growth and a surprise dip in the jobless rate.
Cable was also soft on the day, finishing 90 pips lower and underperforming the euro despite the tariff worries. Cable hit stops below 1.3520 and continued another 35 pips lower to the worst levels since June 22.
Have a great weekend everyone. I'm taking a few weeks off for an extended vacation but I will be back with a vengeance in no time.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about forexlive americas fx news wrap canadian jobs jump no eu tariff letter yet was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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