Real average hourly earnings in the US decreased by 0.4% on a monthly basis in July. US Dollar Index dropped below 93.50 after this report. Real average hourly earnings for all employees in the US declined by 0.4% from June to July (seasonally adjusted), the US Bureau of Labor Statistics reported on Wednesday. Additional takeaways “This result stems from an increase of 0.2% in average hourly earnings being more than offset by an increase of 0.6% in the Consumer Price Index for All Urban Consumers (CPI-U).” “Real average weekly earnings decreased 0.6% over the month due to the change in real average hourly earnings combined with a 0.3% decrease in the average workweek.” “Real average hourly earnings increased 3.7%, seasonally adjusted, from July 2019 to July 2020.” Market reaction The US Dollar Index edged lower in the last minutes and was last seen losing 0.2% on a daily basis at 93.45. 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 Treasury Sec. Mnuchin: Trump would like to do capital gain tax cut FX Street 2 years Real average hourly earnings in the US decreased by 0.4% on a monthly basis in July. US Dollar Index dropped below 93.50 after this report. Real average hourly earnings for all employees in the US declined by 0.4% from June to July (seasonally adjusted), the US Bureau of Labor Statistics reported on Wednesday. Additional takeaways "This result stems from an increase of 0.2% in average hourly earnings being more than offset by an increase of 0.6% in the Consumer Price Index for All Urban Consumers (CPI-U)." "Real average weekly earnings decreased 0.6% over the month due to the change in real average hourly earnings combined with… 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.
