Good US Employment data boosts USD

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At 12:30 GMT, the US Dollar surged against all other assets and currencies. The surge was caused by the better than forecast US monthly employment data.

In July, US Average Hourly Earnings month on month increased by 0.5% instead of 0.3%. Non-farm Employment Change showed a growth of 528,000, compared to forecast 250,000. Meanwhile, the US Unemployment Rate is at 3.5%, not the expected 3.6%.

The EUR/USD reacted to the news with an immediate drop of 61 base point or 0.60%.
Back to articles

Actual Topics

Wed, 31 Aug 2022 15:22:56 GMT

EU Inflation causes Euro moves

This morning, at 09:00 GMT, the higher than expected Euro Zone Consumer Price Index Estimate caused a reversal of an ongoing decline of the Euro against peer currencies. The markets took in high inflation as a reason for the European Central Bank to be more hawkish and reduce the supply of the Euro more than previously planned. Euro are CPI came

Thu, 04 Aug 2022 11:21:17 GMT

Bank of England summary reveals contradicting policymaker

At 12:00 GMT on August 4, the Bank of England hiked its Official Bank rate by 0.50% from 1.25% up to 1.75%. In addition, the central bank has published its Monetary Policy Summary. The Pound lost value due to the details of the monetary policy summary. Namely, one of the committee members did not vote for the 0.50% rate hike. Instead,

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.