Well, well, well. If you thought markets would quietly digest last week’s jobs report disaster and move on, you clearly haven’t been paying attention to how 2025 rolls.
This week was all about picking up the pieces from that brutal 73,000 jobs shocker while Trump kept the tariff drama cranked up to eleven. Monday brought the classic “bad news is good news” rebound as traders pivoted to “hey, at least the Fed will definitely cut rates now” optimism.
But the entertainment kept coming. Trump escalated his tariff threats on India while keeping Switzerland’s 39% levy firmly in place despite diplomatic pleading. The ISM Services PMI decided to join the economic weakness party, tumbling to 50.1. The Bank of England provided Thursday’s nail-biting 5-4 rate cut vote, and Canada’s Friday jobs surprise reminded everyone that economic shocks come from everywhere.
Here’s how each major currency navigated this week’s continuing chaos.
This Article Is For Premium Members Only
Become a Premium member for full website access, plus get:
- Ad-free experience
- Daily actionable short-term strategies
- High-impact economic event trading guides
- Unlimited Access access to MarketMilk™
- Plus More!
