Saturday, July 5


What a week to kick off July! The Loonie & franc strutted their stuff, while the U.S. dollar continued to its recent slide. Just when traders thought they had Fed policy figured out, Thursday’s jobs report crashed the bear USD party with a solid 147,000 new hires, sending rate cut bets scrambling.

Meanwhile, Powell kept playing hard to get on cuts, Trump kept tweeting about tariffs, and markets kept second-guessing everything. Add in a US holiday-shortened week and you’ve got the perfect recipe for interesting FX behavior. 

Let’s break it all down by currency, shall we?

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