- Analytics
- News and Tools
- Market News
- European session review: USD little changed ahead of U.S. September jobs data
European session review: USD little changed ahead of U.S. September jobs data
USD traded flat against other major currencies in the European session on Friday as investors looked for the release of the U.S. jobs report for September, due at 12:30 GMT.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, edged down 0.06% to 94.16.
It is expected that the strong jobs data will support the Federal Reserve's move towards tightening. In his press conference that followed the Fed's September policy meeting, the U.S. central bank’s chairman Jerome Powell stated that a slowing of the pace of bond purchases could start after the November 2-3 meeting if the U.S. job growth through September is "reasonably strong”. He also added that "it wouldn't take a knockout or super-strong employment report" to begin the "taper" of the bond-buying program, with the process expected to end by mid-2022.
Economists forecast the September employment report will show the world's biggest economy added 500,000 jobs last month after 235,000 in August. The unemployment rate is seen to slip to 5.1% in September from 5.2% in August.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
