Think twice before drawing USD optimism from NFP report – Commerzbank DollarIndex NFP Employment UnitedStates Banks
“Since spring 2022, labor supply has increased, but labor demand has not. There are no job vacancy statistics for April. However, there is no reason to believe that the high number of new hires is anything other than a continuation of this trend: that vacancies are being filled. However, this would not argue for increased monetary policy pressure and thus for higher USD carry and a stronger Dollar. On the contrary. It would signal that wage pressures are likely to ease.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EUR/USD: There is an inflation disadvantage for the Euro – CommerzbankInflation risk premium for the EUR is no longer justified, in the view of economists at Commerzbank. Falling EUR exchange rates from 2024 onwards “We
Les mer »
AUD/USD drives firmly to 0.6770 as USD Index eyes more weakness, US Inflation eyedThe AUD/USD pair has refreshed its day’s high at 0.6770 in the Asian session. The upside bias for the Aussie asset is the outcome of multiple headwind
Les mer »
USD/INR Price Analysis: Remains inside the woods despite a sell-off in USD IndexThe USD/INR pair has sensed pressure while attempting to climb above the immediate resistance of 81.75 in the Asian session. The asset has been oscill
Les mer »
Gold Price Forecast: XAU/USD eyes recovery above $2,020 as US NFP fails to support hawkish Fed betsGold price (XAU/USD) is looking to extend its recovery above the immediate resistance of $2,020.00 in the early Tokyo session. The precious metal was
Les mer »
EUR/USD grinds higher past 1.1000 with eyes on US inflation, banking reportEUR/USD begins the trading week without surprises around 1.1025, following a volatile week that ended near the start. The Euro pair cheered the Europe
Les mer »
GBP/USD bulls keep the reins above 1.2600 as US inflation, BoE and UK GDP loomGBP/USD makes rounds to the highest level in a year, steady near 1.2635 during early hours of Monday morning in Asia. Even so, the Cable pair buyers o
Les mer »