Free Trial

Dollar Better Sold on Nonfarms, Net Positive for Equities

DATA REACT

The grreenback trades softer following the NFP release, with the headline beating expectations and the unemployment rate falling faster than forecast. Average hourly earnings were a particular strong point, rising 0.2% against expectations of a further decline.The sanguine two-month net revision also solidifies some of the gains seen in prior months.

Equities have rallied, with the e-mini S&P challenging (but not quite topping) the overnight highs of 3,347.25.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.