Why US dollar gave back all the non-farm payrolls gains ...Middle East

forex live - News
Why US dollar gave back all the non-farm payrolls gains
The headlines all look bullish on non-farm payrolls but when you dig into the report there are some real caveats:The headline might have beat the consensus by +46K but the prior two months were revised by a combined -71KUnemployment held steady at 3.7% vs 3.8% expected but labor force participation fell by 0.3 pp, meaning employment to population worsenedGovernment jobs rose by 52K, which is a big chunk of the report and doesn't exactly point to a roaring underlying economyThe household survey saw 683K in job lossesGiven the strong ADP and initial jobless claims numbers yesterday, the market was clearly leaning towards a beat.The one data point that will give the Fed some real pause was aver

Hence then, the article about why us dollar gave back all the non farm payrolls gains was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Why US dollar gave back all the non-farm payrolls gains )

Apple Storegoogle play

Last updated :

Also on site :