Markets Brace for NFP Showdown - 6th June, 2025
From monetamarkets.com
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, ...
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