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USD Supported by Jobs Numbers; Oil Dips on Increased Shale Production

Published July 10, 2017
  • With a relatively quiet day on the data front, market participants are preparing for Wednesday’s *Bank of Canada* rate decision and Yellen’s monetary policy testimony
  • Yellen’s comments will be inspected closely for new hints on the timing of the next US rate hike
  • Oil is down today as US shale oil production resumes its upward trajectory
  • Global equities are mostly higher today after Friday’s favorable economic data