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Markets Brace for NFP Showdown - 6th June, 2025
On June 6, 2025, global financial markets are cautious ahead of the US Nonfarm Payrolls (NFP) report, expected to show 130,000 jobs added in May with a steady 4.2% unemployment rate. The Australian Dollar (AUD/USD at 0.6510) declines amid USD recovery (DXY at 98.80) but downside is limited by market caution. EUR/USD holds at 1.1440 post-ECB rate cut to 2%, USD/CAD trades near 1.3650 awaiting US/Canada labor data, and NZD/USD dips to 0.6030 after hitting 0.6081. USD/JPY steadies above 143.50, pressured by weak Japanese Household Spending (-0.1% YoY) despite BoJ rate-hike bets. WTI crude consolidates at $62.50, ... (full story)