Investors are focused on NFP data for potential impact on USD, gold, oil, and CAD.

From Investing.com: 2024-09-06 06:14:00

The dollar slid against major counterparts as solid data failed to ease investor concerns, with US employment numbers posing downside risks for the greenback. NFP expected to accelerate, but PMI surveys hint at possible weakness. S&P 500 and Dow Jones closed lower as stock market anxiety grows despite Fed rate cut bets. Gold rebounds near record high, while oil stabilizes after previous days’ free fall. Market awaits NFP report for further direction, with potential impact on gold, oil, and CAD in relation to USD. Concerns about US labor market weigh on investor sentiment.



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