Data on employment and wages in the US.

The US dollar strengthens its position against most of the major currencies of the market, having received support from positive data on employment in the US.

• According to the published data, the change in the number of employed in the non-agricultural sector in February was 313 thousand, exceeding the previous value of 239 thousand.
• The change in the number of employed in the private non-agricultural sector amounted to 287 thousand, against the previous value of 238 thousand.
• The unemployment rate remained at 4.1%, while analysts predicted a decline to 4.0%.

After some strengthening, the US currency sharply lost some of the positions it earned, since a positive employment report will most likely not force the Fed to revise the plan to raise the discount rate. Also a counterbalance is the slowdown in the growth of wages. In February, the average hourly wage rose by 0.1%, against the growth of the previous period at 0.3%. On an annualized basis, the growth slowed to 2.6%, against the previous level of 2.9%.

The US dollar index, after the publication of statistics on the US, rose to around 90.36 and still maintains a positive attitude.

Fig. Graph of the US dollar index. The current price is DXY -90.35.

Alexander Sivtsov