US Dollar Mixed as Labor Market Slows, Commerzbank Says
Commerzbank analysts say the US dollar remains supported even as labor market data sends mixed signals, with low hiring and firing alongside very low jobless claims and unemployment.
DXY
Commerzbank analysts Volkmar Baur and Tatha Ghose describe the US labor market as a “low-hire, low-fire” environment, but argue the dollar is still holding up.
Initial jobless claims and unemployment remain very low. Wage growth is showing only tentative signs, according to the analysts’ note.
The combination leaves the dollar supported for now, even as the slower hiring backdrop gives mixed signals on the labor market.
Source: FXStreet Forex News