Canadian Dollar rises with the broader market in post-NFP risk appetite blowout

Share: Canadian Dollar market flows turn bullish following US & Canada labor data prints. Canada Unemployment Rate flat at 5.5%, US unemployment holds at 3.8%. US NFP handily beats expectations with slightly softer earnings. The Canadian Dollar (CAD) is climbing to fresh highs, set to challenge Monday’s trading range following a bumper labor

Mexican Peso gains daily but marks fourth consecutive weekly loss

Share: Mexican Peso gained on Friday but printed more than 4% weekly losses. Mexico’s economic docket will feature inflation data in the next week. USD/MXN set to extend its gains after printing a new cycle high at around 18.48. Mexican Peso (MXN) finished the week with solid gains vs. the US Dollar (USD)

UAW Pres Fain: UAW strike is working but not there yet

UAW Pres. Fain say strike is working but we are not there yet He says that GM leapfrogged the pack in negotiations There are no new tentative agreement with companies but is making significant progress GM reportedly made concessions in recent talks according to Reuters including agreeing to place EV battery plants under master contract.

WTI crude futures settle at $82.79

The price of WTI crude futures are settling at $82.79. That’s up $0.48 or 0.58%. Since then the price has rallied up to $82.98. For the week, the price is still down sharply by -8.57% currently that is the sharpest fall since March 13, 2023 week This article was written by Greg Michalowski at www.forexlive.com.