The Currency Scene:
News, Events, and Stories about currency from around the world.

- U.S. Non-Farm Payrolls (NFP) to Climb 185K in March, Unemployment Rate to Downtick to Annualized 4.0% from 4.1%.

- Average Hourly Earnings to Increase to 2.7% per Annum from 2.6% in February. Will the Federal Open Market Committee (FOMC) Endorse Four Rate-Hikes for 2018?

Trading the News: U.S. Non-Farm Payrolls (NFP)

DailyFX Calendar

A 185K expansion in U.S. Non-Farm Payrolls (NFP) accompanied by signs of faster wage growth may keep EUR/USD[1] under pressure as it encourages the Federal Open Market Committee (FOMC) to implement higher borrowing-costs over the coming months.

A further improvement in labor market dynamics may encourage the FOMC[2] to deliver four rate-hikes for 2018 as ‘the Committee expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate,’ and Chairman Jerome Powell and Co. may show a greater willingness to extend the hiking-cycle as the economy nears full-employment.

However, a batch of lackluster developments may produce headwinds for the greenback as it drags on interest-rate expectations, with EUR/USD at risk for a rebound as it preserves the March range.

Impact that the U.S. NFP report has had on EUR/USD during the previous print

Period

Data Released

Estimate

Actual

Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

FEB

2018

03/09/2018 13:30:00 GMT

185K

313K

+17

Read more from our friends at Daily FX:

Pin It

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

Visit the CurrenScene Media Page