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USD slips ahead of NFP, CAD underperforms – Scotiabank

The US Dollar (USD) is trading softer overall—but still holding well within recent trading ranges as markets position for this morning’s US Non-Farm payroll data, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. USD eases broadly as markets position for soft US jobs report”Gains for the major currencies are led by the developing market/high beta currencies, with the SEK, ZAR and NZD this morning’s outperformers. Global stocks are (mostly) firmer while bond yields…

Finance news

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Jobs Report: 3 Things You Need to Know About Today’s Economy

David Kelly, the chief global strategist at JPMorgan Asset Management, described the Bureau of Labor Statistics’ new jobs report in one simple word: “ouch.”There were several pain points: The US added 22,000 jobs, a big miss from the 75,000 expected, and June’s job growth was revised to the first employment…

Business

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Trump administration projects 50% federal deficit cut over next decade

EXCLUSIVE: The Trump administration said Friday it projects federal deficits will be cut in half over the next 10 years, attributing the reductions to a sweeping package of spending cuts, new trade tariffs and regulatory rollbacks accomplished in the first six months of President Donald Trump’s second term.  In its…

Markets

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Klarna Cuts Back Remote Work, Cites Talent Loss to Office-First Firms

Ahead of its IPO next week, Klarna is rolling out a return-to-office policy and explained that its new requirement is partly due to losing talent to firms that prioritize in-person working.Employees based in Stockholm, Berlin, Warsaw, and Nykøbing, are expected to come into the office three days a week starting…

Investing

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