Preliminary employment data in the US

The number of initial applications for unemployment benefits in the US remains near the multi-year lows, at around 230K. At the same time, the level of the productive sector and labor costs for the fourth quarter turned out to be highly ambiguous. Against the background of the forthcoming report on employment in the US, this adds uncertainty about the US currency and, as a result, can cause an increase in negative sentiments about the American.

The dynamics of the US dollar index is clamped in a sideways trend, which is limited by the expectations of the Friday’s employment report. At the same time, there is a negative attitude towards the American.

Graph of the US dollar index. The current price is 88.80.

Hanzenko Anton