US Non-Farm Payrolls jumped by 273,000 in February, beating expectations but the Fed is focused on the coronavirus fallout and the data is unable to stop the next cut. The US dollar is set to resume its falls, Yohay Elam from FXStreet reports. Key quotes “The American job market looks great – or at least that was the picture in February. There is nothing not to like in the data. Non-Farm Payrolls rose by 273,000, smashing expectations, while wages advanced by healthy rates of 0.3% MoM and 3% YoY.” “The US dollar edged up in response to the data, but that may be temporary – there was another critical note from the Bureau of Labor Statistics.” “The US dollar has room to resume its falls. The US economy is outperforming other developed economies and still enjoys higher interest rates. Nevertheless, the US economy has more to lose and the Fed has more room to cut. The direction of travel and its pace is more significant than the pre-crisis situation.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada: Solid employment data – RBC Economics FX Street 2 years US Non-Farm Payrolls jumped by 273,000 in February, beating expectations but the Fed is focused on the coronavirus fallout and the data is unable to stop the next cut. The US dollar is set to resume its falls, Yohay Elam from FXStreet reports. Key quotes “The American job market looks great – or at least that was the picture in February. There is nothing not to like in the data. Non-Farm Payrolls rose by 273,000, smashing expectations, while wages advanced by healthy rates of 0.3% MoM and 3% YoY.” “The US dollar edged up in response to the data, but… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
