BREAKING: Tale of two economies đđşđ¸
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.