 The much-anticipated U.S. non-farm payrolls report came and went without much impact to the markets. With job growth largely in line with forecasts, the data signaled a stable labor market and the balanced outcome offers little guidance to Fed policymakers, who will continue weighing inflation trends, fiscal uncertainties, and global trade risks before committing to any policy shift. Investors, for their part, appear content to sit on the sidelines until more definitive signals emerge, resulting in subdued market reactions. In contrast, Canadian dollar faltered after domestic employment data revealed a near standstill in job growth. Despite a short-lived uplift from fresh tariff exemptions, Loonie found itself on the back foot again, as stagnant employment reignited concerns over economic momentum. Whether the currency will face further downward pressure in the final trading hours of the week may depend heavily on broader risk sentiment, which has already pushed Australian and New Zealand Dollars lower. Meanwhile, European majors are holding their ground, with Euro on track to end the week as the best performer. Sterling and Swiss Franc also remain well-supported, benefiting from the rally tied to Europe’s sweeping fiscal and defence initiatives.... |
