Here is what you need to know on Friday, December 6: The US Dollar (USD) holds its ground early Friday after weakening against its major rivals on Thursday.
Here is what you need to know on Friday, December 6: The US Dollar holds its ground early Friday after weakening against its major rivals on Thursday. Investors await November jobs report, which will include Nonfarm Payrolls , Unemployment Rate and wage inflation figures. The US economic calendar will also feature the University of Michigan's Consumer Sentiment Index. Finally, several Federal Reserve policymakers will deliver speeches on the last day before the blackout period starts.
This reading came in better than the market expectation for a decrease of 2.6%. Gold failed to capitalize on the selling pressure surrounding the USD and ended the day in the red on Thursday. After falling to its weakest level in over a week below $2,620 in the Asian session, XAU/USD gained traction and was last seen trading near $2,640. Nonfarm Payrolls FAQs What are Nonfarm Payrolls? Nonfarm Payrolls are part of the US Bureau of Labor Statistics monthly jobs report.
Currencies Macroeconomics Economicindicator NFP
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: US CPI data takes centre stage amidst Dollar rallyAmid another strong performance, the US Dollar climbed to new six-month tops as investors maintained their optimism around the “Trump trade' ahead of the publication of key US data in the latter part of the week.
Read more »
Forex Today: US Dollar climbs higher as focus shifts to PMI dataHere is what you need to know on Friday, November 22: Following a quiet European session, the US Dollar (USD) regathered its strength in the second half of the day on Thursday and continued to push higher early Friday, reaching its highest level since October 2023 above 107.00.
Read more »
Forex Today: US Dollar rallies as Donald Trump remains on track to win presidencyHere is what you need to know on Wednesday, November 6: The US Dollar (USD) gathers strength early Wednesday as markets react to US presidential election results, with the USD trading at its highest level since early July above 105.00.
Read more »
Forex Today: US Dollar weakens as holiday-shortened week startsHere is what you need to know on Monday, November 25: The US Dollar (USD) Index opened with a bearish gap after closing the previous week in positive territory.
Read more »
Forex Today: US Dollar frenzy continues ahead of PPI data and PowellHere is what you need to know on Thursday, November 14: Following a subdued performance on Wall Street on Wednesday, Asian markets turned south amid persistent worries over China’s economy, despite the recent stimulus measures rolled out to spur growth.
Read more »
Forex Today: US Dollar rebounds as December gets underway with high-tier data releasesHere is what you need to know on Monday, December 2: The US Dollar (USD) gathers strength against its major rivals to begin the month of December.
Read more »