Contrary to the sell-off in the USD Index, 10-year US Treasury yields have jumped to near 3.96%.
Contrary to the sell-off in the USD Index, 10-year US Treasury yields have jumped to near 3.96%. As per the CME Fedwatch tool, more than 88% chances are in favor of a 25 basis point interest rate hike to 5.25-5.50%. On the Canadian Dollar front, investors will also await labor market data, which will release on Friday at 12:30 GMT. As per the estimates, the labor market added fresh 20K employees in June vs. a lay-off of 17.3K payrolls. Theis expected to increase to 5.3% against the 5.2% released last month. Apart from payroll figures, investors will focus on the Average Hourly Earnings data.
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