Intraday Market Thoughts

US jobs strong, earnings soft, USD soars

by Ashraf Laidi
Mar 6, 2015 18:25

USD soared further, dragging EURUSD to fresh 11-year lows of $1.0845 on another solid US jobs report supporting the case for a Fed June or September rate hike as US non-farm payrolls powered ahead with a 295K increase in non-farm payrolls in February, overshooting expectations of a 3rd consecutive decline to 235K. The only negatives of the report standing the way of Q2 rate hike is the decline in the average hourly earnings to 0.1% m/m from 0.5% y/y and to 2.0% y/y from 2.2% y/y . Full charts & analysis here

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US jobs strong, earnings soft, USD soars - Spx Vs Yields March 6 (Chart 1)


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