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Dollar tumbles in US session after another huge non-farm payroll miss. On the other hand, Canadian Dollar surges notably after solid employment data. As for the week, the Loonie is now in a pole position to end as the strongest. Yen is still the worst performing, but we’d see if Dollar would over take its
Overall markets continue to be rather mixed for now. Commodity currencies rally in Asian session, as led by Aussie, following rebound in the stock markets. On the other hand, Dollar is turning softer again, together with Yen. Euro’s weakness is the more persistent development this week, in particular against other European majors. Trading today might
In its semi-annual Financial Stability Report (FSR), the Reserve Bank of Australia (RBA) noted that it “expected that output will rebound as the economy gradually reopens, reducing the risk to the financial system.” Additional takeaways Risks to financial stability from borrower payment difficulties have generally eased but remain. Has been a build-up of systemic risks
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