The latest US jobs report completely shook up macro expectations. June NFP came in at just 57k well below the 113k forecast while April and May were revised down by 74k.


Though unemployment dipped to 4.2%, it was artificially driven by 832k people exiting the workforce.
As a result, July rate hike odds plummeted under 20%, pushing the expected timeline to December. The DXY quickly dropped 40 points, while Gold caught a massive bid, surging over 2%.
#WeakNFPShakesRateHikeOdds
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