Key employment report this week could test Fed's policy stance, with potential implications for rate cuts amid softening labor market.
Palladium gained 1.5% to $1,501.41 ahead of key US employment data that could influence Fed rate decisions.
Mexican peso jumps 0.8% as RBA delivers hawkish rate hike amid global energy shock and growth downgrades.
April nonfarm payrolls report due Friday could shift Fed rate cut expectations as safe-haven demand firms.