Loonie suffers after dismal jobs report

FXStreet (Córdoba) - The loonie was crushed across the board after data showed Canada unexpectedly shed jobs in June. Employment in Canada fell 9,400 in June, versus market expectations for a gain of 20,000, while the unemployment rate rose to 7.1% from the previous month's 7.0% reading.

The EUR/CAD rallied nearly 100 pips toward a fresh 1-week high of 1.4558, and it was last up 0.45% at 1.4555, on track to post the first weekly gain in over a month.

As for the CAD/JPY, the pair slumped on the data and touched a 3-week low of 94.57 and headed for its first drop in 5 weeks.

Jul 11, 2014

UK June headline inflation expected to come in at 1.5% - RBS

Ross Walker, Senior UK Economist at RBS predicts that UK inflation data, which will be published next Tuesday, will show a 1.5% in year-on-year CPI, while annual Core CPI should grow by 1.6%.

Yellen's testimony next week shouldn't cause a stir - TD Securities

The TD Securities FX Research Team suggest that during her testimony before the Senate Committee on Tuesday Fed head Janet Yellen shouldn't deviate in any meaningful way from her stance presented at the June press conference.