Forex news for US trading on November 6, 2015.
The US dollar surged in trading today after a stronger than expected US employment report. Non Farm payroll rose by 271K for the month. The revisions to the prior months were up 12K. The unemployment rate fell to 5.0%. The lowest level since March 2008. Hourly wages increased by a greater than expected 0.4%. The YoY rose to 2.5%. The Underemployment rate fell to 9.8%. Overall, a strong report. If the Fed is true to their word, a December liftoff is much closer than it was yesterday. Yes, there is one more employment report. Yes there is a little thing called inflation, but wages did rise more than expected and the Fed might be willing to look passed that. Can they tolerate a strong dollar? You can expect the next Fed speak might be in an attempt to jawbone the dollar lower. Be aware.
Forexlive American FX news wrap: Strong US jobs report sends the dollar higher
