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The US jobs report is out, the USD is down. It more than jobs as banking concerns increase

The US jobs report is out, the USD is down. It more than jobs as banking concerns increase

The US jobs report is out, and NFP was stronger, but the unemployment rate was higher and wages were lower than expectations.

However, what is perhaps more of a concern is the banking sector as cracks in the banks capital are starting to show as interest rates soar, depressing values of their bond portfolios.

That has the Silicone Value Bank under pressure and flight to safety flows into US treasuries.

Will the change in the calculus influence the Fed as well? Will they... Read More

Posted: Mar 10 2023, 14:05
Author Name: forexlive
Views: 102040

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