simple price action of stock
TALKING POINTS – US DOLLAR, JOBS, EURO, TARIFFS, TRADE WAR, YEN US Dollar may rise on haven demand as trade war fears spook markets Euro may suffer outsized losses as the EU fires back at US tariff increase Japanese Yen may advance as risk aversion triggers carry trade unwind The US Dollar traded broadly higher in Asia Pacific trade in what might have reflected pre-positioning ahead of the incoming release of May’s labor-market data . A modest pickup in job creation is expected while the unemployment rate as well as the on-year pace of wage inflation hold steady. On balance, it would take an improbably dramatic deviation from forecasts for the release to alter the established Fed monetary policy outlook. With that in mind, the release may pass without a discrete reaction from financial markets.