"Consensus expectations point to a modest rebound in job creation, with nonfarm payrolls anticipated at around 70,000 after December's subdued 50,000 increase, while the unemployment rate is forecast to remain unchanged at 4.4%. Given recent signals of a cooling job market, any meaningful deviation from expectations could trigger sharp moves across both forex and bond markets. A softer-than-expected print would likely revive concerns about labour market momentum, reinforcing expectations of monetary policy easing later in the year and weighing on the dollar."
"The US dollar weakened on Monday, extending losses into a second consecutive session ahead of key economic data this week. Attention could remain focused on the January US employment report, scheduled for release on Wednesday. Consensus expectations point to a modest rebound in job creation, with nonfarm payrolls anticipated at around 70,000 after December's subdued 50,000 increase, while the unemployment rate is forecast to remain unchanged at 4.4%."
The US dollar fell for a second straight session as markets awaited the January US employment report. Consensus forecasts expect nonfarm payrolls around 70,000 and the unemployment rate to remain at 4.4% after December's 50,000 gain. Recent signs of a cooling labour market mean deviations from expectations could prompt sharp moves in forex and bond markets. A softer-than-expected payrolls print would heighten concerns about labour momentum and strengthen expectations for monetary easing later in the year, weighing on the dollar. Conversely, a stronger print could support the dollar and push yields higher. Fed officials' speeches this week could influence near-term rate-cut expectations.
#us-dollar #january-employment-report #nonfarm-payrolls #federal-reserve-speeches #interest-rate-expectations
Read at London Business News | Londonlovesbusiness.com
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