US Federal Reserve Non Farm Payrolls US Federal Reserve

The U.S.labour market defied expectations on Friday when Bureau of Labor Statistics data revealed further job gains that helped push the unemployment rate a full percentage point lower in October, but with political uncertainty rising and the coronavirus resurgent, the outlook has grown murkier already in November.

Contrary to what the Federal Reserve thinks, low US Treasury volatility is dangerously explosive says Althea Spinozzi, Fixed Income Specialist at Saxo Bank.

Powell's dovish message is bad news for the market says Althea Spinozzi, Fixed Income Specialist at Saxo Bank, who says the Fed is dragging us towards unsustainable levels of corporate debt and ever-low interest rates.

The Dollar turned higher against all currencies other than a rejuvenated Japanese Yen Thursday after the Federal Reserve (Fed) upgraded its growth forecasts before setting out what a much-vaunted new approach to inflation will mean for policy in the practice, although it’s not clear if the market reaction is simply profit-taking or a harbinger of a trend change. 

The Dollar faded on Wednesday as a prior rebound melted away ahead of September’s Federal Reserve (Fed) policy decision in which the bank is expected to set out how its actions could change in the months ahead as a result of a new inflation targeting strategy announced in August. 

The Dollar crept higher Thursday as financial markets mulled over minutes of the July Federal Reserve (Fed) policy meeting going into a session that will also reveal more about recent European Central Bank (ECB) policy deliberations as well as the path of Turkish interest rates, all with potential implications for major currencies.

The release of U.S. non-farm payroll data is the highlight of the day with foreign exchange markets likely to pay particular attention to this month's reading to get a steer as to whether the recovery continued to fade in July or found a fresh wind.

The Dollar was lifted Thursday after the Federal Reserve (Fed) sat on its hands at July's policy meeting but a clear commitment to do more alongside congress and in support of the economy has helped further divided opinion on the outlook for the U.S. currency. 

The Dollar was swimming in the red Wednesday amid continued deadlock in Washington's bipartisan talks over an economic aid bill, again placing the weight of the world on the shoulders of the Federal Reserve (Fed) just hours out from its July policy statement, which is a double edged sword for the greenback. 

The Australian Dollar overlooked a climbing coronavirus toll and related disruption Wednesday as July's Federal Reserve (Fed) statement and rising precious metals offered the antipodean unit a glimpse of April 2019 highs. 

Dollar losses eased Thursday after the U.S. non-farm payrolls report again surpassed market expectations, with job gains stoking already upbeat sentiment in a buoyant market for risk assets but curtailing an earlier increases by the Pound, Euro and other currencies. 

The U.S. Federal Reserve delivered its latest policy update overnight where it left policy settings unchanged and committed to keep interest rates in the 0.25%-0% range for a great while longer.

The Dollar was crumbling on Wednesday after having broken through a technical support level that broke its fall last week and was on route toward its 2020 lows ahead of the June Federal Reserve (Fed) policy update that will dictate the mood in markets into the weekend.

The Dollar pared earlier gains Friday after a blowout nonfarm payrolls number for April failed to distract investors from a 'mixed message' contained in the detail of the employment report, which took some of the shine off the data for the market.

The Dollar fimed overnight and was a touch higher early in the Thursday session after the Federal Reserve disappointed speculators who'd been betting the central bank would cut its interest rate before year-end. 

The Dollar slipped lower during morning trading Thursday after minutes from the latest Federal Reserve meeting appeared to confirm that the central bank is unlikely to raise its interest rate at all in 2019, although some analysts are still tipping the greenback for fresh gains this year.

The Dollar was hobbled by broad-based losses on Wednesday after the Federal Reserve (Fed) suggested strongly that it will not raise U.S. interest rates at all this year, vindicating the market for having taken a dour view of the policy outlook back in January. 

The Dollar traded buoyantly on Thursday after minutes from the Federal Reserve's (Fed) January meeting suggested some policymakers are still keen to raise interest rates this year, seemingly contradicting the market's view that rates are already as high as they're likely to go.

The U.S. Dollar caught a bid late in the final session of the week even after January's labour market report delivered a surprise fall in wage growth, an increase in unemployment and a downgrade to earlier jobs growth numbers.

The U.S. Dollar was clobbered with heavy losses overnight and into the Thursday session after the Federal Reserve (Fed) suggested strongly the interest rate hiking cycle that has supported the Dollar this last year, could now be over.