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Canada added 18.2K jobs in June versus 10K expected, but USD/CAD rebounded from 1.4120 to 1.4157 as broad dollar strength and a 2bp rise in US 10-year yields to 4.56% dominated FX, with a Fed report flagging 'stepped up' spring inflation adding a hawkish tilt. AI demand drove risk appetite: SK Hynix's US debut came with guidance that chip demand peaks in 2027 but stays strong through 2030, while Meta jumped 6% on its new model release, pushing the S&P 500 up 0.4% even as the Russell 2000 fell 0.5%. Watch the weekend US-Iran mediated talks and tightening refining cracks from Russian capacity hits; WTI at $71.57 could reprice quickly if negotiations break down.
As a Forex signal, watch whether it changes price action, volatility, or flows around GSPC, META, GC=F.
Original Source: InvestingLive News
This page is market information analysis, not investment advice.
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