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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Financial markets are awaiting the July U.S. jobs report, with expectations for nonfarm payroll growth between 80,000 and 83,000 and a slight unemployment uptick to 4.3%. Concurrently, U.S. 10-year Treasury yields rose to 4.67% on solid data, while the Japanese Yen was impacted by Treasury interventions. Geopolitical tensions in the Strait of Hormuz also drove WTI crude oil prices up by 3.60% to $77.93 per barrel.