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US May Non-Farm Payrolls Soar to 172K, Far Above 85K Forecast
The US added 172,000 jobs in May, well above the 85,000 expected, while the unemployment rate stayed at 4.3%. The strong report is adding to market pressures.
AUD/USD Slides After Strong US NFP Report
The Australian dollar retreated against the US dollar on Friday after a stronger-than-expected US jobs report boosted the greenback, pushing AUD/USD to around 0.7105, down 0.39%.
USD/JPY Hovers Near 160.00 After Upbeat US Jobs Report
USD/JPY traded near 160.00 on Friday, virtually unchanged on the day, after rebounding from intraday lows following a strong US jobs report. The level is closely watched as intervention territory.
Euro Slips Against Pound After Eurozone Growth Revision
The euro fell against the British pound on Friday following a downward revision to Eurozone GDP data, which raised concerns about the region's economic recovery. EUR/GBP traded near 0.8642, pulling back from recent gains.
RBI Holds Repo Rate at 5.25%, Takes Steps to Defend Indian Rupee
The Reserve Bank of India kept the repo rate unchanged at 5.25% with a neutral stance and announced measures to support the rupee and attract foreign investment.
US Nonfarm Payrolls Rise 172K in May, Beating Expectations
The US added 172,000 jobs in May, well above the 85,000 consensus forecast.
Nordea: Structural Headwinds for USD After Recent Strength
Nordea analyst Kristian Nummelin highlights that strong U.S. data and higher energy prices have recently buoyed the dollar, but structural headwinds are expected to weigh on it going forward.
ECB to Begin Recalibration Phase with June Rate Hike – Nomura
Nomura analysts expect the European Central Bank to start a recalibration phase at its June 11 meeting with a 25 basis point hike to the deposit rate.
BNY: Japan Aims to Strengthen Yen via Policy Support, Intervention Risk High
BNY's Bob Savage notes Japan's government targets a stronger yen through long-term competitiveness, with USD/JPY near 160 and authorities signaling potential intervention or rate hikes if inflation risks rise.
Canadian Dollar Recovers from Two-Month Low Ahead of Jobs Data
The Canadian Dollar pared losses against the US Dollar on Friday, with USD/CAD trading at 1.3880 after hitting a two-month high of 1.3925 earlier. Markets await US and Canadian jobs data.
Gold Steadies as Traders Await US NFP for Fed Clues
Gold (XAU/USD) recovers some of its earlier losses as markets focus on the upcoming US Nonfarm Payrolls report, which could influence the Federal Reserve's next policy move.
New Zealand Dollar Strengthens on RBNZ Rate Hike Expectations
The New Zealand Dollar (NZD) rose against the US Dollar on Friday as traders priced in earlier and larger rate hikes from the Reserve Bank of New Zealand.
TD Securities forecasts softer Canada jobs data, reinforcing dovish BoC view
TD Securities expects Canada's May employment to rise by only 5,000, well below the consensus estimate of 10,000, after a loss of 18,000 in April. The unemployment rate is seen steady, adding to the case for a dovish Bank of Canada.
Silver Recovers Half of Early Losses but Still Down Ahead of US NFP Data
Silver (XAG/USD) clawed back half of its early losses on Friday, trading 1.7% lower near $72.60 ahead of the US Nonfarm Payrolls data release.
Fed Hike Odds Trimmed on Softer US Data: Deutsche Bank
Deutsche Bank strategists note that easing inflation fears and softer US data have led markets to scale back expectations for additional Federal Reserve tightening in 2026. The Dollar Index is slightly lower, with jobless claims at a three-month high and Treasury yields declining.
USD/JPY Holds Near 160.00 Ahead of US NFP Data
The USD/JPY pair is consolidating around 160.00 during European trading as traders await the US Nonfarm Payrolls report for May, due at 12:30 GMT.
Gold edges lower on Middle East tensions ahead of US jobs data
Gold (XAU/USD) slipped 0.26% to around $4,463 on Friday as traders pared positions ahead of the US May employment report and amid lingering Middle East tensions.
EUR Recovers Toward 1.1650 Despite Weak Eurozone GDP
The euro strengthened against the US dollar on Friday, climbing to just below 1.1650, even after disappointing Eurozone GDP data.
Indonesian Rupiah Hits Historic Low Above 18,000 Per Dollar
The Indonesian Rupiah (IDR) fell past the 18,000 per US dollar mark for the first time, reaching a historic low while the currency remains deeply undervalued. The drop coincides with a sharp multi-year contraction in domestic equities.
Subdued Oil Volatility Caps USD Breakout Amid Stalled Iran Talks
Lack of tangible progress in US-Iran negotiations has kept oil price swings muted, preventing the US dollar from breaking higher despite a strong macro backdrop.
Swiss Franc Extends Gains Against US Dollar as Market Awaits NFP Data
The Swiss Franc (CHF) strengthens for a second consecutive day against the US Dollar (USD), with USD/CHF hitting session lows at 0.7872. Traders are focused on upcoming US Nonfarm Payrolls data.
MUFG: UK Labour Weakness May Temper BoE Hikes
MUFG analyst Derek Halpenny notes growing signs of UK labour market weakness, including a sharp drop in HMRC jobs data and elevated HR1 redundancy notifications, which could influence the Bank of England's rate path.
Gold at Pivotal Moment Ahead of US NFP Report
Gold prices are at a critical juncture as the May US Non-farm Payrolls report approaches. A breakdown could target $4,350, while a relief rally may push prices above $4,560.
AUD Weakens on Divergence Between Inflation and Slowing Economy
A Telegram post suggests the Australian Dollar's decline is driven by factors beyond inflation and the RBA, highlighting a divergence between persistent inflation and slowing economic growth.