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Non-farm payrolls (NFP) news

Stay ahead of the curve with our dedicated non-farm payrolls (NFP) page. This crucial economic indicator provides a snapshot of US employment, excluding agricultural workers, and has a significant impact on financial markets. Here, you'll find up-to-the-minute coverage of NFP releases, including expert analysis of the data, its implications for the Federal Reserve's monetary policy, and its influence on various asset classes. Explore forecasts, understand market reactions, and gain insights into the broader economic trends revealed by this key report.

USD/CAD rises after Bank of Canada rate cut
The Bank of Canada lowered interest rates earlier on Wednesday and the Canadian dollar has lost ground against its US counterpart. In the North American session, USD/CAD is trading at 1.3713, up 0.28%. Bank of Canada cuts cash rate to 4.75% The Bank of Canada took the plunge and cut interest rates for the first time in over four years, lowering the cash rate by 0.25% to 4.75%.
05-06-2024 10:53 GMT by Kenneth Fisher
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Market Insights Podcast - Volatile oil prices ex-post OPEC+, ECB and US NFP on the radar for this week
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, OPEC+ members did not extend the voluntary cuts of 2.2 million bpd till end of 2024 but instead only until Q3 2024, oil prices reacted negatively due to incoming influx of more supplies after September 2024. Secondly, market participants have likely fully priced in a 25 bps cut for this coming Thursday, 6 June ECB monetary policy meeting.
04-06-2024 00:19 GMT by Kelvin Wong
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