PBoC boosted gold reserves in April, adding 8.1 tonnes and extending its buying streak to 18 months.
GBP/JPY climbed to 213.31 as weak Yen, high oil prices, and rate gaps supported gains.
TD Securities forecasts April US CPI rising: core 0.38% m/m (2.8% y/y); headline 0.56% (3.7%).
April US payrolls beat forecasts at 115K; unemployment stayed 4.3%, participation dipped, wages rose 3.6%. Dollar fell.
Canada’s unemployment rose to 6.9% in April; jobs fell 17.7K, wages cooled; USD/CAD stayed firm.
Sterling gained in Europe as risk appetite improved on US–Iran ceasefire hopes, ahead of key US jobs data.
Narrowing US trade deficit may reduce dollar recycling into securities, weighing on USD; jobs and sentiment awaited.
Gold edges higher on safe-haven demand; China’s central bank logs 18th straight month of purchases.
Iran condemns U.S. Navy actions against two tankers, rejects missile claims, and warns Tehran won’t yield.
TD Securities predicts 80k April payroll gain, driven by healthcare; unemployment 4.3%, earnings +0.2% m/m, 3.7% y/y.
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