Intraday Market Thoughts
Falling Yields Obstruct USD Rally for now
by
Aug 1, 2014 19:25
The three elements of disappointment in today's jobs report emerged from the 209K in July NFP (vs expected 230K & previous 298K), the 6.2% unemployment rate (first increase in five months) and soft average hourly earnings (2.0% y/y vs expected 2.2%) are sufficient in allaying fears of premature Fed hike. But here are 5 positives.
Click To Enlarge
Act | Exp | Prev | GMT |
---|---|---|---|
Unemployment Rate (JUL) | |||
6.2% | 6.1% | 6.1% | Aug 01 12:30 |
Average Hourly Earnings (m/m) | |||
0.0% | 0.2% | 0.2% | Aug 01 12:30 |
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