Tag Archives: wages

The USD/CHF pair has attracted more demand after a marginal correction closer to the 0.9200 mark amid positive risk appetite that is obviously cautious and keeping an eye on the performance of rising US Treasury yields.Fed Bostic, on Monday, said that no recession in CY2023 but has trimmed his GDP …

US equities had a surprise reason for celebrating with the first day of the second trading week in the new year. So far, in 2023, Wall Street has swung from sadness to joy.US Stocks are enjoying a robust year beginning after 2022’s disappointing performance. Even though the Dow fell more …

The US Dollar sharply surges on the back of fresh US economic data, so far the Dollar Index has hit highest in almost one month. The USD/CAD pair rebounds from 1.3475 toward 1.3600 ahead of the awaited US and Canadian employment reports on Friday. The USD/CAD is up on Thursday …

Sunak has acknowledged that his country is dealing with “profound economic challenges,” and he is stepping in at a pivotal time as the country needs some stability. Sunak is feeling the pressure of trying to gain investors’ confidence following the financial fallout caused by last month’s controversial tax cuts.The markets …

The Chinese yuan fell during Friday’s trading, near its lowest level in 14 years against the dollar, bringing its losses this year to 12.3%. And according to Bloomberg, market watchers expect further yuan weakness after the Communist Party congress ends this weekend, with the central bank loosening its grip on …

Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement. According to a model from Nomura, about 4.8% of China’s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week. According to official announcements, three districts …

Nonfarm Payrolls in the US rose by 528,000 in July, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed June’s increase of 398,000 (revised from 372,000) and came in better than the market expectation of 250,000. The Unemployment Rate edged lower to 3.5%. …

According to the Fed’s Beige Book, released on Wednesday, wages and other prices gains were seen across most of the 12 districts. As for the overall economic outlook; the Fed said that the US economy grew at a modest pace since mid-May but several of the central bank’s regional districts …

Most economists do predict a 0.75-point rate hike decision by the Bank of Canada on Wednesday, followed by another super-sized rise next autumn. This will be the biggest rate increase in decades, a three-quarter-point rise, which comes within the framework of combating hot inflation, and looks set to continue with …

The US Bureau of Labor Statistics (BLS) will release the May jobs report on Friday, July 8 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming employment data. Expectations are for …