A small beat on the US NFP – 211K, wages are up 0.2% m/m and 2.3% as expected. The unemployment rate remains at 5% but with a rise in the participation rate. The previous number was revised to the upside: to 298K. The “real unemployment rate” U6, is up to 9.9%.
The US dollar is stronger across the board. This is a good report all in all, and it adds cement to a Fed rate hike hike in less than two weeks.
Read the rest of the article Non-Farm Payrolls +211K – USD slightly stronger