USD Overview (05 July 2021)
ByJin Dao Tai
JUL 5, 2021
Last Friday, USD weakened against all major currencies.
The U.S. jobs report released last Friday indicated a higher-than-expected job gains in June. At the moment, the jobs market is still around 6.4 million jobs away from its pre-pandemic level. Unemployment rate rose slightly as a result of more people leaving their jobs involuntarily and that there is a rise in the number of job seekers.
- Average Hourly Earnings m/m (Actual: 0.3%, Forecast: 0.4%, Previous: 0.4% revised from 0.5%)
- Non-Farm Employment Change (Actual: 850K, Forecast: 700K, Previous: 583K revised from 559K)
- Unemployment Rate (Actual: 5.9%, Forecast: 5.6%, Previous: 5.8%)
U.S. banks will be closed today in observance of Independence Day. Expect lower than usual trading volatility and volume.
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