NFP was weak but not a game changer - FOREX.com
From the original
NFP was weak but not a game changer FOREX.com
Related speeches
4 itemsGold Forecast Gold gains momentum after weak NFP data - FOREX.com
USDCAD Forecast Canadian dollar stays weak ahead of NFP - FOREX.com
What's next for the USD after the latest NFP report?
The desk believes the USD is poised for continued weakness following the latest Non-Farm Payroll (NFP) report, which showed mixed employment data. Per the full note from MUFG EMEA, the USD's performance has been inconsistent, suggesting that the weakening trend may persist as market participants reassess their positions. The recent NFP data revealed a modest increase of 187,000 jobs in September, below the expected 200,000, indicating potential softening in the labor market that could influence the Federal Reserve's monetary policy. This aligns with our view that the USD may face downward pressure in the near term, particularly as traders digest the implications of the Fed's next moves.
More from GOOGLE NEWS
5 items- GOOGLE NEWS
Pound Sterling to Rupee Forecast: RBI Support Puts 127.60 in Focus - CurrencyNews.co.uk
- GOOGLE NEWS
ANZ: We Expect NZD/USD To Finish the Year at 0.60 and See the RBNZ Lifting Rates a Further 50bp before Year-End - eFXdata
- GOOGLE NEWS
US Dollar Short-term Outlook: USD Correction Pressures Pivotal Support - City Index UK
- GOOGLE NEWS