The US economy unexpectedly added only 266k jobs in April, compared to a 916k increase in March and well below market expectations of 978k.
The jobless rate rose slightly to 6.1 % from 6.0% last month and above market estimates of 5.8%.
Average hourly earnings for all employees on private nonfarm payrolls rose 0.3 % YoY, after 4.2% increase in March and above market expectations of a 0.4% decline.
USDCAD fell after today's data releases from US and Canada. Pair is heading towards the support at 1.2145. Source:xStation5
Economic calendar: US ISM manufacturing report 📈
Morning wrap (05.01.2026)
BREAKING: US December manufacturing PMI holds at 51.8; eases from 52.2 in November📌
BREAKING: S&P Manufacturing PMI data from the UK weaker than expected