Foreign Exchange Insights and Next Week
Next Week’s Menu: August 7 – 13, 2021
August 6, 2021
Central Banks: Monetary policy reviews scheduled in Peru, Mexico, Turkey, Serbia, Belarus, and the Philippines. Monday Holidays: Mountain Day in Japan and Women’s Day in South Africa. Scheduled U.S. Data Releases: Quarterly productivity and unit labor costs. Monthly consumer prices, import prices, federal deficit, employment trends index, JOLTS index, NFIB small business sentiment index, and […] More
Deeper Analysis
A Steller Jobs Report
August 6, 2021
The U.S. July employment situation improved more rapidly than anticipated, encouraging speculation that Fed tapering will begin sooner and transpire more quickly than monetary officials have been implying. Non-farm payroll jobs jumped 943k last month, and employment rises in May-June was revised 119k higher. That puts the July level of jobs 192k above what analysts […] More
New Overnight Developments Abroad - Daily Update
Dollar Strengthening after Solid U.S. Employment Report
August 6, 2021
The DXY weighted dollar index advanced 0.4% overnight but, at 92.58, remains well inside its 52-week range of 89.21 – 94.74. The dollar’s overnight advance has been broadly spread, with gains of at least 0.3% against the euro, yen, Aussie dollar, Swiss franc and sterling. The U.S. July employment situation improved more rapidly than anticipated, […] More
