As predictions about higher inflation turn out to be mostly correct, investors haven’t been doing such a good job in reading the health of the US labour market. The May nonfarm payrolls report will be an important test for the markets. But a busy data week means traders will have more than the US jobs report to grapple with. Australian and Canadian GDP prints, as well as Eurozone flash CPIs are some of the other highlights. The Reserve Bank of Australia will kick off the June central bank gatherings.

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