Non-farm payrolls rise by 315,000 in August, against 300,000 expected. Unemployment rate unexpectedly rises from 3.5% to 3.7%. The dollar falls after the employment data. The official employment report of the United States showed mixed data, with a rise in jobs in line with expectations and an unexpected increase in the unemployment rate. Revenue rose […]
Tag: Fed
AUD/USD climbs back above 0.6800 on weak dollar ahead of Non-Farm Payrolls
AUD/USD recovers from multi-week lows. The dollar is moving away from two-decade highs and becoming a key support factor. Market with its sights set on the US employment report. The AUD/USD pair attracts some buying on Friday and recoups some of the previous day’s losses from the 0.6770 zone, the lowest level since July 18. […]
NZD/USD retests all-time lows around 0.6060 after positive US economic data.
NZD/USD stumbles below 0.6100 on risk aversion after positive US data. The odds of the Fed raising by 75 basis points have risen to 91%, STIR money market futures show. Trade data from New Zealand and the US Non-Farm Payrolls report is next on the economic calendar. The NZD/USD falls to multi-week lows around 0.6060 […]
EUR/USD crashes below 0.9920
EUR/USD plummets almost 1% after encouraging US economic data. The US manufacturing PMI shows that the US economy remains in expansion territory. The money market futures odds of a 75 basis point rate hike by the Fed stand at 75%. The EUR/USD breaks below parity, extending losses after hitting a weekly high of 1.0079 on […]
AUD/USD remains bearish near multi-week lows
AUD/USD remains depressed near a multi-week low and is under pressure from a combination of factors. Aggressive expectations from the Fed and high yields on US bonds push the dollar back close to two-decade highs. The risk environment reinforces the safe-haven dollar and weighs on the risk-sensitive Aussie. The pair AUD/USD it struggles to take […]
When is the US Manufacturing PMI released and how could it affect EUR/USD?
US Manufacturing PMI Outlook The Institute of Supply Management (ISM) will publish this Thursday, at 14:00 GMT, the result of its latest survey of manufacturing companies, also known as the ISM Manufacturing PMI. The index is expected to have dropped to 52 in August, down from 52.8 the previous month. The indicator will provide a […]
AUD/USD hovers around 0.6850 below daily high around 0.6900
AUD/USD remains positive, although far from daily highs. Fed Mester: Expect the Fed Funds Rate (FFR) to end at around 4% in 2023. Mixed US economic data, a tailwind for AUD/USD. The AUD/USD it is almost lateralized, although far from the highs of the day after reaching a daily high above the 0.6900 mark. Factors […]
USD/JPY remains around 138.60 ahead of US NFP figures.
USD/JPY remains in a tight range as traders prepare for the August NFPs in the US. The US ADP employment change disappointed, but the Chicago PMI beat estimates. The Bank of Japan will carry out 10-year JGB note buying operations in September, further confirming its dovish stance. The USD/JPY is unable to reach a new […]
EUR/USD hovers around 10057 after hitting new highs for the week
EUR/USD advances strongly ahead of US NFPs and next week’s ECB monetary policy decision. The Cleveland Fed’s Mester expects Fed funds rates to rise above 4% and would like to keep them higher for longer. ECB hawks expect at least a 50 basis point hike at the September 8 meeting. Money market futures estimate that […]
Fed: I don’t see Fed rate cuts next year — Loretta Mester
President of the Federal Reserve Bank of Cleveland, Loretta Mester, He said on Tuesday that he does not expect the Fed to cut interest rates next year, according to Reuters. Other comments “We have to raise the key interest rate to just over 4% early next year – keep it there.” “The real guys are […]
