Stocks bounce back, Canadian dollar drops after jobs miss
U.S. stocks rebounded Friday, but weak Canadian jobs data and higher inflation expectations weighed.
China's central bank set the yuan reference rate at 6.7795, stronger than the 6.7086 estimate, and drained liquidity via reverse repos.
China's central bank permits the yuan to trade in a band of 2% on either side of the daily fixing.
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U.S. stocks rebounded Friday, but weak Canadian jobs data and higher inflation expectations weighed.
The US dollar fell alongside tech stocks after a report showed OpenAI revenue below expectations, suggesting a potential shift in AI bubble dynamics.
USDCHF has stayed within a band of about 50 pips since midday Monday, with moving averages near 0.8322 signaling an absence of trend.
Canada lost 68,300 jobs in September, far worse than expected. USDCAD spiked but failed to hold above 1.42928, now trading near 1.4280.