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USD Under Immediate Pressure Alongside Yields as Unemployment, Earnings Soft

DATA REACT
  • USD Index sees immediate downside pressure, putting EUR/USD at the best levels of the day.
  • US 2yr yields also under pressure, slipping below the earlier lows. Equities positive however, with the e-mini S&P adding around 30 points in volatile trade.
  • CAD sees volatility post-Canadian jobs report, with EUR/CAD settling slightly higher. Little clean read, however, with market reaction dominated by fluctuating Fed rate hike pricing.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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