Haruhiko Kuroda speech, Rate decision in Switzerland, New Zealand and the UK, employment data in Australia, retail sales Producer Prices and Consumer sentiment from the US. These are the main events on forex calendar. Join usas we explore the highlights of this week.
Last week U.S. job market posted a solid gain in November adding 211,000 jobs, beating market forecast. This positive reading was preceded by a 298,000 job addition in October, paving the way for a rate hike this month. Wage growth slowed but analysts claim that was mostly payback for October’s outsized gains. The unemployment rate remained at a 7-1/2-year low of 5%. This release comes a day after Fed Chair Janet Yellen stated that the conditions for a first rate hike have been met. Will we see a rate hike in December?
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