<ul><li><a href="https://ift.tt/EXdmpxS job openings for February 9.931M. vs 10.4M estimate</a></li><li><a href="https://ift.tt/eodnu9K February factory orders -0.7% vs -0.5% expected</a></li><li><a href="https://ift.tt/E5GAm0c February building permits +8.6% vs +2.0% expected</a></li><li><a href="https://ift.tt/QXwmzTc Makhlouf: Policy rate will need to be kept at a restrictive level to dampen demand</a></li><li><a href="https://ift.tt/oqtgYeH Pill: Given lags in monetary policy transmission, there is a lot still in pipeline</a></li><li><a href="https://ift.tt/o3mz0Pj of Canada's Beaudry to leave position</a></li><li><a href="https://ift.tt/pVqTUZC pleads not guilty to 34 felony counts</a></li></ul><p>Markets:</p><ul><li>Gold up $37 to $2021</li><li>WTI crude oil up 2-cents to $80.45</li><li>US 10-yaer yields down 8.4 bps to 3.35%</li><li>S&amp;P 500 down 24 points to 4100</li><li>GBP leads, AUD lags</li></ul><p>The US dollar was soft in Asia and Europe but was staging something of a recovery in early North American trade until a soft JOLTS job opening report landed. That triggered an outsized move to the lows of the day for USD along with a corresponding jump in gold above $2000 and crypto.</p><p>USD/JPY fell to 131.66 from 132.60 in a full-cent drop. It continued to slide for an hour after the release but then tracked straight sideways as the day wound down.</p><p>EUR/USD rose to 1.0968 from 1.0900 on the data then gave a bit back before recouping it again late. </p><p>Cable was particularly strong all day but didn't get a particularly large bump from the JOLTS number. It finishes very close to 1.2500 in a nearly 100-pip rally that broke the recent range top to the best levels since June 2022.</p><p>USD/CAD was more of a spike lower then reversal as it dropped to 1.3405 from 1.3430 then quickly rebounded. Oil fell on the JOLTS data and stocks stumbled on fears of a slowing economy and that hurt all commodity currencies. The worry around JOLTS may not be just the decline but the speed of the decline pointing, potentially, to a rapid slowdown.</p><p>AUD/USD was soft after the RBA move to the sidelines but finished North American trading flat.</p> This article was written by Adam Button at www.forexlive.com.

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