ForexLive Americas FX news wrap: Canadian dollar shrugs off strong jobs report 0 (0)

Forex news for North American trade on July 10, 2020:
Markets:
– Gold down $4 to $1799
– WTI crude up 86-cents to $40.49
– US 10-year yields up 2 bps to 0.6348%
The tone was negative overall and with a US dollar bid heading into New York trade but the virus headlines are all a bit better today, starting

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Kudlow: US cannot keep providing $2-$3 trillion in relief every few months 0 (0)

Small sign that the White House doesn’t want to go big
There’s a risk that some Republican Senators start to try to reclaim some high ground on fiscal discipline. If they feel Trump isn’t going to win in November, they may want to pivot back to ‚fiscal conservatism‘ now rather than vote for another big stimulus

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IMF: Cutting fiscal help too early will be more concerning than debt levels 0 (0)

IMF gives the thumbs up for governments to pile on the debt levels
– Cutting spending too early could derail economic recovery
They’re definitely not wrong in that sense but it also reaffirms the more or less global narrative that fiscal conservatism is dead. As much as the world would like to go back to thinking that

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