USA Non-farm Payrolls Data of January released today. Non-Farm Employment increased by 227 thousand people in January, above the market expectation. Although the report looks positive at first sight, the loss of momentum with average hourly gains of 2.5 % on an annual basis supported the drop in the Dollar Index. The unemployment rate of the USA also reached 4.8 % in January. The Dollar Index continued to weaken after Trump took over the presidency. The first reason for this is Trump's criticism of immigration and border security policies. With the recently announced employment report, we can say that the bank's expectation of interest increase in March was weakened.
- Date: 06 February 2017 Mon 08:18
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