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Non-Farm Payroll; The United States job momentum is Likely to be Maintained even as Experts Predicts Calmness

April experienced another solid increase in jobs at 428,000 compared to the forecast of 390,000 despite the business struggling to find suitable staff. Although wage pressures were not as intense as expected, this is likely to be a temporary lull as labor market tightness will keep upward pressure on inflation.

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The Australian Job Market Participation Rate Increased as its Economic Growth Trajectory Holds Firm.

The last employment report released from the Australian Bureau of Statistics (ABS) saw a continuous spark in recovery in line with its growth pattern already set in motion. In the growth trajectory, the report showed a job expansion that cuts across 11 industries with Health care and Social Assistance topping the chart by 26.2% from the onset of the pandemic.

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NZD/USD Stays Resilient Ahead of the Reserve Bank of New Zealand Official Cash Rate Release

In the second quarter, the New Zealand economy maintained a steady accelerating growth pattern. In its growth trajectory, external demand experienced a surging increase, and its stocks and equities edged higher with New Zealand Dollar (NZD) staying resilient in gains smashing multi-points resistance levels. Currently maintaining gains above 0.69560 price point.

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Leverage on the Canadian Dollar (CAD) Gains Trading the Unemployment Rate As Bullish Sentiment Heightens

Canada’s growth pattern has been in pace consistent with the developed nations. Tracking its growth trajectory through series of global recession, the economy was often seen roaring back with progressive move and job market upside bounce. On the first wave of the virus hit, more than two million people were left unemployed and rising risk sentiment took its tool. The Canadian dollar index declined rapidly and smashed series of successive support zones.

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Canadian Overnight Rate; Comparative Growth Outlook for Moderate Policy Rate and Canadian Dollar Gains.

Overnight Rate is the interest rate in which the major financial institutions in Canada borrow and lend overnight funds among themselves.

For decades, the Bank of Canada has used the interest rate as a strong driver towards attaining its policy objectives. The three of Its core monetary policy goals are maximum employment, Price Stability and Moderate long-term interest rates.

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