Nonfarm Payrolls rose less than expected to weigh on USD. Annual wage inflation softened to 2.9% in December. Nonfarm Payrolls (NFP) in the US increased by 225,000 in January following December’s reading of 147,000 (revised from 145,000), the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in higher than the market expectation of 160,000. Further details of the report showed that the Unemployment Rate ticked up to 3.6% and the Average Hourly Earnings increased 3.1% % on a yearly basis to beat the market expectation of 3%. USD reaction The greenback’s reaction to the data was muted and the US Dollar Index, which tracks the USD’s value against a basket of six major currencies was up 0.05% on the day at 98.53. 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 EUR/USD stays depressed post-Payrolls, around 1.0960 FX Street 2 years Nonfarm Payrolls rose less than expected to weigh on USD. Annual wage inflation softened to 2.9% in December. Nonfarm Payrolls (NFP) in the US increased by 225,000 in January following December's reading of 147,000 (revised from 145,000), the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in higher than the market expectation of 160,000. Further details of the report showed that the Unemployment Rate ticked up to 3.6% and the Average Hourly Earnings increased 3.1% % on a yearly basis to beat the market expectation of 3%. USD reaction The greenback's reaction to the data… 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.
