United States Nonfarm Payrolls above forecasts (60K) in March: Actual (178K)
United States Nonfarm Payrolls above forecasts (60K) in March: Actual (178K)
United States Unemployment Rate came in at 4.3% below forecasts (4.4%) in March
United States Unemployment Rate came in at 4.3% below forecasts (4.4%) in March
NZD/USD hovers above mid-term lows at 0.5700 with US NFP on tap
The New Zealand Dollar (NZD) is showing the weakest performance among major currencies in an otherwise calm Good Friday session, with most markets closed on bank holidays.
United States Labor Force Participation Rate declined to 61.9% in March from previous 62%
United States Labor Force Participation Rate declined to 61.9% in March from previous 62%
GBP/USD trades slightly higher in thin holiday trade ahead of US NFP
The British Pound (GBP) trades slightly higher against the US Dollar (USD) on Friday, as modest softness in the Greenback lends some support.
AUD/USD eases toward 0.6900 heading into the US NFP release
The Australian Dollar’s (AUD) recovery attempt against the US Dollar (USD) has been capped a few pips ahead of the 0.6920 level. The pair has been trimming gains on Friday, returning to the 0.6900 area at the time of writing, with all eyes on the release of the US Nonfarm Payrolls report.
India FX Reserves, USD down to $688.06B in March 23 from previous $698.35B
India FX Reserves, USD down to $688.06B in March 23 from previous $698.35B
USD/JPY trades sideways before US jobs report with intervention risks in focus
USD/JPY trades flat on Friday, fluctuating between minor gains and losses as thin holiday liquidity keeps price action subdued. At the time of writing, the pair is trading around 159.58, with traders staying on the sidelines ahead of the US Nonfarm Payrolls (NFP) report.
Euro is looking for direction with all eyes on US Nonfarm Payrolls data
The Euro (EUR) is trading sideways between 1.1530 and 1.1550 against the US Dollar (USD) in a holiday-thinned session, with most markets closed on Good Friday. The pair is on track for a 0.3% weekly appreciation, yet with price action trapped halfway through March’s trading range.
US S&P Global Services PMI posts first contraction since 2023
The US S&P Global Services PMI in March reported that business activity in the sector is slowing sharply, falling to contractionary territory for the first time since January 2023, amid higher inflation and the war in the Middle East.
United States U6 Underemployment Rate fell from previous 7.9% to -8% in March
United States U6 Underemployment Rate fell from previous 7.9% to -8% in March
USD/JPY weakens despite strong US NFP as intervention risks cap gains
USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers following the upside surprise in US Nonfarm Payrolls (NFP) data.