Last Friday, USD weakened against most major currencies except GBP and AUD.
The Non-Farm Payroll report released last Friday indicated a higher than expected number of jobs being created in October. Furthermore, the August and September’s figure have been revised upwards by 117K and 118K respectively. At the moment, the job market is still around 4.2 million jobs from the pre-pandemic level.
Several FOMC committee members will be speaking later and tomorrow. During these times, there may be volatility in USD.
The Non-Farm Payroll report released last Friday indicated a higher than expected number of jobs being created in October. Furthermore, the August and September’s figure have been revised upwards by 117K and 118K respectively. At the moment, the job market is still around 4.2 million jobs from the pre-pandemic level.
- Average Hourly Earnings m/m (Actual: 0.4%, Forecast: 0.4%, Previous: 0.6%)
- Non-Farm Employment Change (Actual: 531K, Forecast: 455K, Previous: 312K revised from 194K)
- Unemployment Rate (Actual: 4.6%, Forecast: 4.7%, Previous: 4.8%)
Several FOMC committee members will be speaking later and tomorrow. During these times, there may be volatility in USD.
- Clarida speaking later at 2200 (GMT+8)
- Powell speaking later at 2330 (GMT+8)
- Williams speaking later at 2355 (GMT+8)
- Bowman speaking tomorrow at 0100 (GMT+8)
- Evans speaking tomorrow at 0250 (GMT+8)