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US dollar slumps as the market puts the focus on softening wage growth

US dollar slumps as the market puts the focus on softening wage growth

The US dollar is broadly lower and stock futures are jumping after the December non-farm payrolls report.

That's not the reaction you would expect from a headline beat and fall in the unemployment rate to 3.5% from 3.7% but the market is instead focusing on softening wage growth. Average hourly earnings growth slowed to 4.6% y/y from 5.1% and that shoul... Read More

Posted: Jan 6 2023, 13:53
Author Name: forexlive
Views: 110896

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