Analytics

What to look for if you want to buy U.S. dollars?

These reports cannot be ignored

Last Friday, December 6, important reports were released on the situation of the U.S. labor market. Documents showed that the unemployment rate fell from 3.6% to 3.5%. Nonfarm payrolls also turned out to be better than predicted: 266 thousand, with a forecast of 186 thousand.

The situation shows that the labor market of the first world economy continues to develop stably. Recent cuts in U.S. Federal Reserve rates were enough to stimulate growth.

For this reason, trading against the USD in the coming days may turn out to be the wrong approach, because successes in the labor market delay the continuation of easing of the U.S. monetary policy by the Fed.

 

Assets Summary
USD/CAD, USD/JPY Buy carefully

 

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