Employment data in the USA

• Average hourly earnings (m / m) (Aug), fact 0.4%, forecast 0.3%.
• Average hourly earnings (compared to the same period last year) (y / y) (Aug),  fact  2.9%,  forecast  2.7%.
• Nonfarm payrolls (Aug), fact 201K, forecast 191K.
• Private nonfarm payrolls (Aug),  fact 204K,  forecast 190K.
• Unemployment rate (Aug), fact 3.9%, forecast 3.8%.

An employment report in the US for August was largely positive. Doubts to the growth of the dollar had data on the preservation of the unemployment rate at 3.9%, because it was expected decline in this indicator. On the other hand, the number of people employed in the nonfarm sector of the US grew more significantly

Nonfarm payrolls chart 

It was the main driver for strengthening the American dollar on the background of positive dynamics of wages level.

The US dollar index received an incentive to strengthen, which confirms the continuation of the uptrend and opens the way to resistance levels: 95.30 and 95.50. The limiting factor may remain the unemployment rate, which will slow the strengthening of the American dollar.

The US dollar index chart. The current price is 95.20 (10-year government bonds yield is a blue line)

Read also: “The main figures for earning in financial markets”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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