Data on employment in the USA

The report on employment in the US has been very mixed. Negative notes of the report were a decrease in the growth of the average hourly wage to the level of 0.1% and a decrease in the number of employed to the level of 164 K. At the same time, the unemployment rate fell to the level of 3.9%, the level of the beginning of 2001.

The ambiguous report on employment in the US caused a temporary weakening of the American against the basket of major currencies, about 15-20 points, but the overall dynamics of the dollar remains low-key. The overall picture of the report remains low-key and is embedded in statistical errors. The employment report negatively affected the profitability of 10-year-old US state bonds, causing their decline. At the same time, bonds weakened the pressure on stock indices that could support the dollar against the background of the positive dynamics of the European indices, which, in conditions of a positive opening of trading on Wall Street, may resume the upward trend in the US dollar.

Graph of the US dollar index. The current price is 92.70.

Hanzenko Anton