Loonie edges up despite weak data
Canadian dollar rose against most major rivals mildly on Friday despite weak data.
Official government data showed the economy lost 17.3 thousand in May, while analysts expected an increase of 1.2 thousand jobs.
Canada's unemployment rose to 5.2% last month from 5.0%, while analysts expected a rise of 5.1%.
CAD/USD rose 0.1% as of 21:13 GMT to 0.7492.
Aussie
Australian dollar rose 0.4% as of 21:13 GMT to 0.6740.
US Dollar
The dollar index rose 0.2% as of 19:58 GMT to 103.5, with a session-high at 103.5, and a low at 103.3.
The Federal Reserve is convening next week to discuss policies and interest rate decisions, while investors also await crucial US inflation data for May.
Gold edges down as dollar muscles up
Gold prices fell on Friday marginally as the dollar rose against most major rivals ahead of the Federal Reserve's policy meeting next week.
The Federal Reserve is convening next week to discuss policies and interest rate decisions, while investors also await crucial US inflation data for May.
US Treasury Secretary Janet Yellen said that liquidity in the US banking sector remains good, and added the US economy remains strong as consumer spending strengthens.
Yellen expects US authorities to carry on efforts to control and cut down inflation in 2024 and 2025.
Otherwise, the dollar index rose 0.2% as of 19:58 GMT to 103.5, with a session-high at 103.5, and a low at 103.3.
Gold spot prices fell 0.1%, or $2.5 as of 19:59 GMT to $1,976 an ounce.
Wall Street advances on track for weekly profits
US stock indices rose on Friday on optimism that the Federal Reserve will lay off interest rate hikes this month.
The Federal Reserve is convening next week to discuss policies and interest rate decisions, while investors also await crucial US inflation data for May.
US Treasury Secretary Janet Yellen said that liquidity in the US banking sector remains good, and added the US economy remains strong as consumer spending strengthens.
Yellen expects US authorities to carry on efforts to control and cut down inflation in 2024 and 2025.
On trading, Dow Jones rose 0.3%, or 101 points as of 15:55 GMT to 33,935, while S&P 500 rose 0.5%, or 20 points to 4,313, as NASDAQ added 0.5%, or 69 points to 13,307.
Copper heads higher on track for second weekly profit
Copper prices rose on Friday on track for weekly profits on hopes for improving demand in China and lower global inventories.
Copper three-month futures at the London Metals Exchange rose 0.4% to $8,379 a tone, after hitting May 11 highs at $,8428.
The metal is up 1.8% so far this week away from recent six-month lows plumbed on May 24.
In the US, an increase in unemployment claims last week boosted expectations the Federal Reserve might be close to call off its path of policy tightening, in turn keeping the dollar near two-month lows.
Copper inventories at the Shanghai Futures Exchange tumbled 11.7% this week to six-week lows at 76,473 thousand tones, while copper stocks at the London Metals Exchange resumed its decline today.
Otherwise, Aluminium rose 0.1% today to $2257 a tone as markets expect heavy rainfall in the aluminium producing regions in Greece, hurting electricity supplies over there.
Tin futures rose 2.4% to $26,430 after hitting a month high yesterday at $26,500, while Zinc fell 0.5% to $2,395, as lead rose 0.9% to $2,055, while Nickel added 2.3% to $21,615.
Otherwise, the dollar index rose 0.1% as of 15:44 GMT to 103.4, with a session-high at 103.5, and a low at 103.3.
Copper prices were last trading at $3.82 a pound in US trading as of 15:38 GMT.