Tags » $USD
Unemployment drops to an almost eight-year low of 4.9 percent
Hourly earnings increase 2.5 percent from a year earlier
Job growth settled into a more sustainable pace in January and the unemployment rate dropped to an almost eight-year low of 4.9 percent, signs of a resilient labor market that’s causing wage growth to stir. 664 more words
One observation doesn’t make a trend and today’s below consensus payroll figure doesn’t change the fact that they’ve been growing at a solid pace recently. Non-farm payrolls grew 151K in January, a deceleration from the downwardly revised 262K in December (previously 292K) 147 more words
There is no trade call for the session. We will await the US Employment report later during the NY session. Yesterday during New York, the BOE vote split changed back to 9-0 with McCafferty no longer voting for a hike. 279 more words
What will trigger the next upward leg in USD? The answer, according to Morgan Stanley, is in China’s hands.
“Our thesis, is that ahead of the lunar New Year (Feb 8) and China hosting the G20 (Feb 26-27), there is a strong incentive for policymakers to keep RMB stable. 279 more words