BREAKING: Tale of two economies 🍁🇺🇸
Canada just flexed HARD:
• +75.1K jobs (expected 16.5K)
• Unemployment dropped to 6.4% (lowest in 2 years)
• 3rd straight month of improvement
Meanwhile US?
• -23K jobs (expected +83K)
• Complete miss
Same morning. Opposite vibes.
This divergence matters for $USD and Fed policy. If US labor keeps weakening, rate cuts come faster. Watch DXY and risk-on assets closely.
Canada just flexed HARD:
• +75.1K jobs (expected 16.5K)
• Unemployment dropped to 6.4% (lowest in 2 years)
• 3rd straight month of improvement
Meanwhile US?
• -23K jobs (expected +83K)
• Complete miss
Same morning. Opposite vibes.
This divergence matters for $USD and Fed policy. If US labor keeps weakening, rate cuts come faster. Watch DXY and risk-on assets closely.