Josh Nye, senior economist at Royal Bank of Canada, notes that the US Jobs growth slowed to 164,000 in July Key Quotes “The unemployment rate was steady at 3.7%.” “Wage growth ticked up to 3.2% year-over-year.” “Employment growth came in right around its year-to-date average, unemployment was flat in the middle of its recent range, and wage growth edged higher but remained in familiar territory just north of 3%.” “Overall, this is still a labour market that is “strong” and “in a good place,” as Powell put it on Wednesday. The concern, of course, is that trade tensions will have a greater impact on the US economy in the coming months””a risk that is getting harder to dismiss. We expect the Fed will cut rates again in September.” 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 US Dollar Index cuts losses, moves to 98.40 post-NFP FX Street 4 years Josh Nye, senior economist at Royal Bank of Canada, notes that the US Jobs growth slowed to 164,000 in July Key Quotes "The unemployment rate was steady at 3.7%." "Wage growth ticked up to 3.2% year-over-year." "Employment growth came in right around its year-to-date average, unemployment was flat in the middle of its recent range, and wage growth edged higher but remained in familiar territory just north of 3%." "Overall, this is still a labour market that is "strong" and "in a good place," as Powell put it on Wednesday. The concern, of course, is that trade tensions will have… 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.
