This is what you need to know to operate today Friday, May 2:
After reaching its highest level in three weeks about 100.40 on Thursday, the US Dollar (USD) Correct down to start the European session on Friday. The US Labor Statistics Office will publish April employment data, which will include salary inflation, unemployment rate and Non -agricultural payrolls. Earlier in the day, the European economic calendar It will offer preliminary data of the harmonized consumer price index (HICP), the preferred measure of the European Central Bank (ECB) for inflation, for April.
US dollar price this week
The lower table shows the percentage of the US dollar change (USD) compared to the main currencies this week. The US dollar was the strongest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.39% | 0.08% | 1.13% | -0.38% | -0.31% | 0.42% | -0.12% | |
| EUR | -0.39% | -0.37% | 0.71% | -0.79% | -0.81% | 0.02% | -0.54% | |
| GBP | -0.08% | 0.37% | 1.10% | -0.41% | -0.46% | 0.38% | -0.16% | |
| JPY | -1.13% | -0.71% | -1.10% | -1.47% | -1.39% | -2.09% | -0.99% | |
| CAD | 0.38% | 0.79% | 0.41% | 1.47% | -0.05% | 0.80% | 0.26% | |
| Aud | 0.31% | 0.81% | 0.46% | 1.39% | 0.05% | 0.83% | 0.25% | |
| NZD | -0.42% | -0.02% | -0.38% | 2.09% | -0.80% | -0.83% | -0.54% | |
| CHF | 0.12% | 0.54% | 0.16% | 0.99% | -0.26% | -0.25% | 0.54% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
Despite the publication of mixed macroeconomic data in the US, the USD exceeded its rivals on Thursday due to the growing optimism about a decalsed US conflict with its commercial partners. The US Department of Labor reported that initial weekly unemployment applications increased to 241,000 from 223,000 in the previous week. Other data showed that the Index of Purchasing Managers (PMI) of Manufacturing ISM dropped to 48.7 in April since 49 in March, but was above the market expectation of 48. Meanwhile, Bloomberg reported that the Chinese Ministry of Commerce said that US has taken the initiative to communicate to China that hopes to talk about trade.
EUR/USD He closed in negative territory for the third consecutive day on Thursday before stabilizing above 1,1300 in the European morning on Friday. The annual inflation of the HICP is expected in the euro zone It softens to 2.1% from 2.2% in March.
He Gold He lost more than 1% on Thursday and approached $ 3,200. The Xau/USD experiences a rebound and rises around 0.5% in the day, around $ 3,250.
GBP/USD He lost 0.4% on Thursday and fell to 1,3260. The pair maintains its position in the European morning and quotes about 1,3300.
He USD/JPY He won more than 1.5% on Thursday and extended his weekly rebound to a new maximum of several weeks about 146.00 in Friday’s Asian session. The low pair around 145.00 in the middle of a renewed weakness of the USD during European negotiation hours. Japanese Prime Minister Shigeru Ihiba said Friday that there is no change in his position to request the US to cancel tariffs.
Faqs non -agricultural payrolls
Non -agricultural payroll (NFP) are part of the monthly employment report of the US Labor Statistics Office. The non -agricultural payroll component specifically measures the change in the number of people employed in the United States during the previous month, not including the agricultural sector.
The number of non -agricultural payroll (NFP) can influence the decisions of the Federal Reserve by providing a measure of the success with which the Fed is fulfilling its mandate to promote full employment and an inflation of 2%. A relatively high NFP figure means that there are more people used, earning more money and, therefore, probably spending more. A result of relatively low agricultural payrolls, on the other hand, could mean that people are having difficulty finding work. The Fed will normally increase interest rates to combat high inflation caused by low unemployment, and lower them to stimulate a stagnant labor market. “
Non -agricultural payrolls generally have a positive correlation with the US dollar. This means that when the figures are higher than expected, the dollar tends to rise and vice versa when they are minors. Non -agricultural payrolls influence the US dollar under its impact on inflation, monetary policy expectations and interest rates. A higher NFP generally means that the Federal Reserve will be more restrictive in its monetary policy, which will support the dollar.
Non -agricultural payrolls generally have a negative correlation with the price of gold. This means that a number of payroll greater than expected will have a depressive effect on the price of gold and vice versa. A higher NFP generally has a positive effect on the value of the US dollar and, like most main raw materials, gold is quoted in US dollars. Therefore, if the US dollar gains value, less dollars are required to buy an ounce of gold. In addition, higher interest rates (which generally helped a higher NFP) also reduce the attractiveness of gold as an investment compared to staying in cash, where money will at least generate interest. “
Non -agricultural payrolls are only a component within a broader employment report and can be seen eclipsed by other components. Sometimes, when non -agricultural payrolls are greater than expected, but the average weekly profits are lower than expected, the market has ignored the potentially inflationary effect of the main result and interprets the fall in profits as deflationary. The components of the participation rate and the average weekly hours can also influence the market reaction, but only in rare events such as the “great resignation” or the global financial crisis. “
(This story was corrected on May 2 at 08:03 GMT to say that the US dollar index corrects down to start the European session on Friday, not Thursday).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
