FXC Terminal

Market News

Forex headlines assembled from multiple corroborating sources and updated as stories develop. Written by the FXC Newsdesk, method explained on how it works.

Updated 9 hours ago

Sydney Tokyo London New York

6stories, 24h 31vetted sources Economic calendarnext high impact

Type

All Story Event preview Event recap COT weekly Central bank watch

Currency

All USD EUR GBP JPY AUD CAD CHF NZD

Friday, Aug 7

19:00 Event recap USD

Baker Hughes US Oil Rig Count Rises to 454

The latest Baker Hughes US Oil Rig Count showed an increase to 454. Market reaction was generally muted across most major currency pairs. 15:33 story CAD

Canadian Employment Surges in July, Unemployment Reaches Two-Year Low

Canada's economy added 75,100 jobs in July, significantly exceeding forecasts, while the unemployment rate fell to a two-year low of 6.4%. Wage growth, however, showed signs... 15:32 story USD

Fed’s Barkin Cites ‘Close Call’ on Rates, ‘Weak Balance’ in Labor Market

Richmond Fed President Tom Barkin indicated that the decision on whether current interest rates are restrictive enough remains a 'close call,' while describing the labor market... 13:02 Event recap CAD

Unemployment Rate (CAD) comes in at 6.4% against 6.6% consensus

Canada's Unemployment Rate printed at **6.4%**, surprising consensus expectations of **6.6%**. The Canadian dollar saw movement against major pairs following the release. 13:02 Event recap CAD

Canada Employment Change comes in at 75.1K against 7.1K consensus

Canada's Employment Change significantly exceeded expectations, printing at 75.1K. The Canadian dollar strengthened against several major pairs following the release. 13:01 Event recap USD

U6 Unemployment Rate comes in at 7.9% against 7.9% consensus

The U.S. U6 Unemployment Rate was reported at 7.9%, matching the consensus forecast. Initial market reaction saw USD weaken against major pairs, with significant moves in... 13:01 Event recap USD

Private Nonfarm Payrolls comes in at 30K against 40K consensus

USD Private Nonfarm Payrolls printed at 30K, missing the 40K consensus. The market reaction saw significant moves in major USD pairs and gold. 13:01 Event recap USD

Average Hourly Earnings y/y comes in at 3.2% against 3.5% consensus

US Average Hourly Earnings year over year printed at 3.2%, below the 3.5% consensus. The US Dollar weakened across major pairs following the release. 13:01 Event recap USD

US Average Hourly Earnings m/m comes in at 0.1% against 0.3% consensus

US Average Hourly Earnings m/m printed at 0.1%, significantly below the 0.3% consensus. The US Dollar weakened across major pairs following the release. 13:00 Event recap USD

Participation Rate (USD) comes in at 61.4% against 61.7% consensus

The US Participation Rate was reported at 61.4%, missing the 61.7% consensus. The US Dollar showed broad weakness following the release. 13:00 Event recap USD

Non-Farm Payrolls comes in at -23K against 41K consensus

US Non-Farm Payrolls reported a loss of 23,000 jobs, significantly missing the 41,000 consensus. The news led to a broad weakening of the US Dollar. 13:00 Event recap USD

US Unemployment Rate comes in at 4.1% against 4.2% consensus

The US Unemployment Rate for August 7, 2026, printed at 4.1%, surprising consensus expectations of 4.2%. The release prompted significant market moves across major USD pairs... 12:47 story USD

US Labor Market Unexpectedly Sheds Jobs in July Amid Broad Weakness

The U.S. economy unexpectedly lost 23,000 jobs in July, significantly missing forecasts, while prior months' figures were revised sharply lower, indicating a cooling labor market. 12:30 Event recap MXN

CPI y/y (MXN) comes in at 3.12% against 4.02% consensus

Mexico's annual CPI printed at 3.12%, below the 4.02% consensus. USDMXN reacted with a significant move in the minutes following the release. 12:30 Event recap MXN

CPI m/m (MXN) comes in at 0.03% against 0.19% consensus

Mexico's CPI m/m was reported at 0.03%, falling short of the 0.19% consensus. USDMXN reacted with a move of -51 pips initially. 12:30 Daily brief AUD

New York Open Briefing: Friday, August 7, 2026

New York opens with broad equity gains and a slightly risk-on tone. MXN CPI data significantly missed expectations, while traders await US and Canadian economic releases. 07:30 Daily brief CAD

London Open Briefing: Friday, August 7, 2026

London opens with gold gains and a positive risk tone. Traders await key US and Canadian employment data, including Non-Farm Payrolls. 06:01 Event preview CAD

CAD Unemployment Rate preview: Consensus holds steady at 6.5%

Ahead of the August 7 CAD Unemployment Rate release, market consensus expects the rate to remain at 6.5%. This high-impact event often triggers significant moves in... 06:00 Event preview USD

Non-Farm Payrolls preview: Consensus points to increased hiring

The upcoming Non-Farm Payrolls report is expected to show an increase in employment. Historically, this release has led to significant price movements across major currency pairs. 06:00 Event preview USD

US Average Hourly Earnings m/m preview: Consensus holds at 0.3%

Ahead of Friday's US Average Hourly Earnings m/m release, market consensus remains at 0.3%, matching the previous month's figure. This high-impact report provides key insights into...