Fed’s Beige Book has indicated labor demand moderation due to economic slowdown anticipation.The USD/CAD pair
The US dollar index has climbed to Wednesday’s high at around 113.10 in the early trade and is expected to surpass the same with less effort. Also, the 10-year US Treasury yields have jumped to 4.15% amid soaring bets for a bigger rate hike by the Federal Reserve . Adding to that, economic activities have remained flat in major districts and labor demand has moderated as firms have ditched the recruitment process in anticipation of an economic slowdown.
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