U.S. employment situation
U.S. August Employment Report Didn’t Change Monetary Policy Outlook
September 2, 2022
Each month, an estimate from ADP of private employment growth arrives two days before the highly anticipated U.S. Labor Department employment report. Sometimes, but not always as this month proved, the ADP provides early notice concerning the accuracy of street forecasts for employment growth. ADP had estimated only a 132k increase in U.S. private sector […] More
Broadly Based Improvement of Dollar and Intensifying Decline of Stock Markets Around the World
March 4, 2022
Shortly before today’s release of February U.S. labor statistics, the dollar was up 0.8% in weighted terms at the peak of its overnight movement and on at its most appreciated levels since May 2020. Individual dollar advances were by 3.5% against the Russian ruble, 1.2% versus the euro, 0.9% relative to the Turkish lira 0.6% […] More
Dollar Up Amid More PMI Results and Unexpected U.S. Employment Data
December 3, 2021
The dollar strengthened overnight by 0.3% to within half a percentage point of its 52-week high. The currency is 0.4% higher against the euro but just 0.1% up versus the yen. The price of WTI oil recovered 3.0%, and that of gold rose 0.5%. Ten-year sovereign debt yields have slipped two basis points in the […] More
Dollar Back Close to 52-Week High Ahead of U.S. October Jobs Report
November 5, 2021
The weighted DXY dollar index is presently trading almost back at its one-year high. It rose overnight by 0.2% against the euro and 0.1% relative to the yen and loonie and scored even larger gains of 0.5% against the Swiss franc and Australian dollar and 0.4% relative to the New Zealand dollar, Mexican peso and […] More
