2020-09-07 17:54
Market analysisUSD Overview (07 September 2020)
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Market analysis：
Last Friday, USD weakened against most major currencies except EUR, JPY and CHF.
The U.S. jobs report released last Friday indicated continued recovery in the job market. 1.37 million jobs were added in August while unemployment rate declined way below expectation. Average hourly earnings rose as opposed to the expected decline.
-Average Hourly Earnings m/m (Actual: 0.4%, Forecast: 0.0%, Previous: 0.1% revised from 0.2%)
-Non-Farm Employment Change (Actual: 1371K, Forecast: 1375K, Previous: 1734K revised from 1763K)
-Unemployment Rate (Actual: 8.4%, Forecast: 9.8%, Previous: 10.2%)
U.S. banks will be closed today in observance of Labor Day. Expect lower trading volatility and volume.
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USD Overview (07 September 2020)
Singapore | 2020-09-07 17:54Last Friday, USD weakened against most major currencies except EUR, JPY and CHF.
The U.S. jobs report released last Friday indicated continued recovery in the job market. 1.37 million jobs were added in August while unemployment rate declined way below expectation. Average hourly earnings rose as opposed to the expected decline.
-Average Hourly Earnings m/m (Actual: 0.4%, Forecast: 0.0%, Previous: 0.1% revised from 0.2%)
-Non-Farm Employment Change (Actual: 1371K, Forecast: 1375K, Previous: 1734K revised from 1763K)
-Unemployment Rate (Actual: 8.4%, Forecast: 9.8%, Previous: 10.2%)
U.S. banks will be closed today in observance of Labor Day. Expect lower trading volatility and volume.
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