Open account

investingLive Americas FX news wrap 10 Jul

The article is a broad Americas market wrap with the main FX takeaway being USD/CAD’s rebound after a brief lift from Canada’s stronger-than-expected June jobs report. Canada added 18.2K jobs versus 10K expected, while USD/CAD fell to 1.4120 before recovering to 1.4157 on broad U.S. dollar strength. The wrap also notes a mixed risk backdrop: gold ended down $9 at $4,112, WTI crude slipped 51 cents to $71.57, U.S. yields rose 2 bps to 4.56%, and U.S. equities were firmer with the S&P 500 up 0.4% and Nasdaq up 0.3%. In FX, USD/JPY weakened by 65 pips as yen buying persisted. Overall, the piece signals dollar strength dominating otherwise supportive domestic data for Canada, with commodity and equity moves reflecting a relatively resilient risk environment.

Category

USD/CAD

Sentiment

Mixed

Event

Market commentary

Reading time

1 min