Global Themes

USD Lower as US unemployment disappoints

Headline job numbers for June out at 213k jobs created vs 195k expected. There were also upward revisions for Apr and May headline numbers. The US dollar was weaker overnight after the US Federal Reserve noted growing fears about the potential US-China trade war.

However, unemployment rate was higher at 4.0%

Share markets around the world ended the Friday session in the green with the DOW closing the session up 0.4%.

Euro climbs, yen falls

The Euro rebounded from major support while Japanese yen fell.

The euro gained as markets reacted to the job numbers.

The Japanese yen fell to the lowest level in three weeks.

CNY Fix and US Data in focus

Trade wars between US and China remains the theme for the week.

Direction of the USDCNH and Chinese equity markets will drive markets this week.

Daily CNY onshore fix at 9.15 AM remains largely watched alongside the US/China trade wars.

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