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Dollar price rises after non-farm payrolls rise in US

2019-07-05 01:17 pm | Resource: News | No Views : 107

 Dollar price  rises  after non-farm payrolls rise in US

The dollar index rose slightly after the release of the June job report, which the market is waiting for, as it will have an impact on the Fed's interest rate decision at its next meeting.

Non-farm payrolls rose by 224,000 in June

US Bureau of Labor Statistics reported Friday that non-farm employment in the United States exceeded expectations, rising by 224,000 in June, while the previous month's figure was revised to 72,000. The unemployment rate rose from 3.6% to 3.7%.

Average hourly wage rose 3.1% over the same month last year and slightly below expected. At the same time, among the major labor groups, there was little change in unemployment last month, the report said, with 3.3 percent of men and women and 12.7 percent of adolescents.

There was little change in the labor force participation rate of 62.9%.

Other than 50 basis points lower rate of decline after post data

Market expectations fell by 50 basis points in the US in July from 27% to 12.1% shortly after the US Bureau of Labor Statistics announced Friday that non-farm employment in the United States rose by 224,000 in June, Outlook.

According to the Fedeatch Tool from the CME Group, opportunities to cut interest rates by 25 basis points were 87.9% at 14:51 CET. The current Fed interest rate is 2.25% -2.50%.

Dollar trading against currencies
  • The dollar index rose 0.52% to trade at 97.254 points.
  • The euro fell 0.48% against the dollar at the same time, to record levels of $ 1.1233.
  • GBP / USD fell during morning trade to settle at 1.2515.
  • The greenback was up against the yen at 0.62% with the dollar trading at 108.46.
  • The Swiss Franc fell against the US dollar to trade the dollar at 0.9924.
  • Against the Canadian Dollar, the US Dollar was up 0.43% at 1.3109.

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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