Yesterday, USD strengthened against most major currencies except EUR, JPY and CHF.
The U.S. jobs report released last Friday indicated a mixed set of data. A rather disappointing figure of 210,000 jobs were being added in November. However, unemployment rate continues to decline, dropping to the lowest level since COVID was announced a global pandemic in March 2020.
The ISM Services PMI data (Actual: 69.1, Forecast: 64.9, Previous: 66.7) released indicated that the services sector expanded at a way faster pace in November than in October.
The U.S. jobs report released last Friday indicated a mixed set of data. A rather disappointing figure of 210,000 jobs were being added in November. However, unemployment rate continues to decline, dropping to the lowest level since COVID was announced a global pandemic in March 2020.
- Average Hourly Earnings m/m (Actual: 0.3%, Forecast: 0.4%, Previous: 0.4%)
- Non-Farm Employment Change (Actual: 210K, Forecast: 553K, Previous: 531K)
- Unemployment Rate (Actual: 4.2%, Forecast: 4.5%, Previous: 4.6%)
The ISM Services PMI data (Actual: 69.1, Forecast: 64.9, Previous: 66.7) released indicated that the services sector expanded at a way faster pace in November than in October.