China Foreign Exchange Reserves (MoM): $3.285T (May) vs $3.282T

United States CFTC Gold NC Net Positions climbed from previous $174.2K to $187.9K

Eurozone CFTC EUR NC Net Positions climbed from previous €79.5K to €82.8K

United Kingdom CFTC GBP NC Net Positions: £35.2K vs previous £35.4K

United States CFTC Oil NC Net Positions increased to 168K from previous 165.7K

Japan CFTC JPY NC Net Positions dipped from previous ¥164K to ¥151.1K

United States CFTC S&P 500 NC Net Positions fell from previous $-53K to $-69.4K

Australia CFTC AUD NC Net Positions down to $-63.2K from previous $-61.2K

United States Consumer Credit Change above expectations ($10.85B) in April: Actual ($17.87B)

Federal Reserve (Fed) Bank of Philadelphia President Patrick Harker is embarking on a farewell tour.

United States (US) President Donald Trump took to social media to call upon Federal Reserve (Fed) Chairman Jerome Powell to lower interest rates on Friday.

United States Average Hourly Earnings (MoM) above forecasts (0.3%) in May: Actual (0.4%)

United States Unemployment Rate in line with forecasts (4.2%) in May

Canada Net Change in Employment above forecasts (-15K) in May: Actual (8.8K)

United States Average Weekly Hours meets forecasts (34.3) in May

United States U6 Underemployment Rate down to -1% in May from previous 7.8%

United States U6 Underemployment Rate remains unchanged at 7.8% in May

United States Nonfarm Payrolls above expectations (130K) in May: Actual (139K)

United States Labor Force Participation Rate fell from previous 62.6% to 62.4% in May

United States Average Hourly Earnings (YoY) above forecasts (3.7%) in May: Actual (3.9%)

European Central Bank (ECB) policymaker Mario Centeno said on Friday that that the tariffs imposed by the United States will have a deflationary effect in the Eurozone, per Reuters.

The Canadian Dollar (CAD) is little changed against the generally stronger USD on the session and out-performing its G10 peers as a consequence, Scotiabank's Chief FX Strategist Shaun Osborne notes.

US Dollar (USD) is likely to trade in a range between 7.1660 and 7.1860. In the longer run, mild downward pressure could lead to USD edging lower; it remains to be seen if it can reach 7.1400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

As expected, the ECB lowered its interest rates by another 25 basis points to 2.0% yesterday. However, the exchange rate only really started to move during the press conference, Commerzbank's FX analyst Volkmar Baur notes.

Today is that time again – Payroll Friday. The first Friday of the month when, as is traditional, the US labor market report is published. According to Bloomberg, the consensus expectation is that the US economy created 126,000 new jobs in May.

Citing people with the Bank of Japan’s (BoJ) thinking, Bloomberg reported on Friday that the central bank is “said to consider smaller reductions to its bond buying.”

Fortunately, the very public fallout between President Trump and Elon Musk has not had broader market implications. Despite the travails for Tesla, the broader S&P 500 was only off 0.5% yesterday and futures now call the S&P modestly higher today.

European Central Bank (ECB) policymaker Olli Rehn commented on the monetary policy outlook during his speech on Friday.

European Central Bank (ECB) policymaker Robert Holzmann said on Friday,  “I dissented in this week's rate decision.”

Greece Gross Domestic Product s.a (YoY) down to 2.2% in 1Q from previous 2.6%