Last Friday, USD strengthened against all major currencies.
The Non-Farm Payroll jobs report released last Friday indicated a strong rise in the number of jobs in the economy in July, surpassing market’s expectation. The number of jobs added in June has also been revised upwards. Unemployment rate in July has also declined by 0.5%. The stellar jobs report led to the strengthening of USD against other major currencies.
FOMC committee member Bostic will be speaking later at 2200 (GMT+8). Also, FOMC committee member Barkin will be speaking tomorrow at 0000 (GMT+8). During these times, there may be volatility in USD.
The Non-Farm Payroll jobs report released last Friday indicated a strong rise in the number of jobs in the economy in July, surpassing market’s expectation. The number of jobs added in June has also been revised upwards. Unemployment rate in July has also declined by 0.5%. The stellar jobs report led to the strengthening of USD against other major currencies.
- Average Hourly Earnings m/m (Actual: 0.4%, Forecast: 0.3%, Previous: 0.4% revised from 0.3%)
- Non-Farm Employment Change (Actual: 943K, Forecast: 870K, Previous: 938K revised from 850K)
- Unemployment Rate (Actual: 5.4%, Forecast: 5.7%, Previous: 5.9%)
FOMC committee member Bostic will be speaking later at 2200 (GMT+8). Also, FOMC committee member Barkin will be speaking tomorrow at 0000 (GMT+8). During these times, there may be volatility in USD.