
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
A noticeable pressure on the positions of the New Zealand currency last Friday was exerted by the published report on the US labor market for October. Investors were encouraged by the data on the growth of Nonfarm Payrolls by 531K in October after an increase of 312K in September. Market forecasts assumed an increase of only 425K. The Unemployment Rate in October fell from 4.8% to 4.6%, which also turned out to be better than the projected 4.7%.
Analysts hope that strong macroeconomic statistics will support the US Fed in its intention to tighten monetary policy. However, the growth of rates is still questionable not only for the American regulator, but also for the Bank of England, as well as the European Central Bank.
US futures dropping causing market volatility