The May jobs report was a goldilocks scenario, not too strong and not too weak, says Michael Zarembski of Charles Schwab. The Bank of Canada will ease back and keep things status quo, says Michael. Ben and Michael the discuss the chart of the Canadian Dollar (/6C). Michael says may CPI is the key number to look out for. The U.S. Dollar (/DX) has some resistance at the 91 to 91.50 level, but is rangebound.
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07 Jun 2021
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