Dollar Rises After Robust U.S. Jobs Data, Euro Dips
"Another strong print is sustaining expectations for two or more jumbo-sized Fed hikes in the coming months and has added to momentum driving the dollar higher," said Karl Schamotta, chief market strategist at Corpay.
Germany warns of gas rationing if Russia turns off taps
Economic sanctions are bringing hardship to Russia, and the consequences are going beyond that country’s borders. Eric Sorensen explains how Germany is preparing for an energy crisis, activating an emergency plan, and warning of possible gas rationing.
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Canada's jobless rate plunges to pre-pandemic lows, proving the COVID recession is over
“The country has reached full employment, and worker shortages are beginning to feed into wage pressures,” Karl Schamotta, chief market strategist at Corpay Cross-Border, said in a note to his clients.
