Non Farm Payrolls

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.

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.

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 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 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 slumped Friday after November's eagerly-awaited nonfarm payrolls number surprised on the downside and after the report showed wage growth also declining during the recent month.

The Dollar pared losses Friday after official data revealed a stronger-than-anticipated increase in the number of jobs created by the economy during October, and a healthy pick-up in the rate of wage growth.

The Dollar strengthened Friday after official data showed the U.S. unemployment rate declining to a new multi-decade low while wages continue to grow at a healthy clip in September, which is significant for Federal Reserve (Fed) policy.

The Dollar edged rose broadly Friday as traders responded to a better-than-expected nonfarm payrolls report for August, and a surprisingly strong set of wage numbers, while markets wait with baited breath to hear of whether President Donald Trump will go ahead with a second round of tariffs on a much larger portion of China's exports to the US. 

The Dollar reversed course and slid lower Friday after official data showed US jobs growth surprising on the downside during July and as China retaliated against the latest salvo in President Donald Trump's "trade war".  

The US Dollar strengthened during the noon session Friday as markets responded to a mixed labour market report for the April month, which saw unemployment hit a fresh 18 year low but wage growth disappoint.

Although US Non-Farm Payrolls (NFPs) showed a shock fall of -33k in September a strong rise in wages and fall in overall unemployment boosted the Dollar after the release. 

The number of jobs being created in America continues to rise.

On Friday 7th July, the US Bureau of Labor Statistics is scheduled to release the June jobs report at 1330 BST. The GBP/USD could be in for some big moves is the data surprises.

Those with an interest with how the US Dollar performs on global foreign exchange markets over the coming 24 hours will be watching the release of US employment data due out at 13:30 B.S.T.

The lock-step moves between the Dollar and Pound have meant both have fallen back against the Euro in the wake of the US employment release.

The US Dollar is outperforming its G10 rivals ahead of the month’s most important economic data release out of the US.

Stocks have soared and the dollar has fallen after August payrolls undershot expectations.

The US Dollar’s nascent recovery could hit the buffers on Friday should the prophecies of a leading global investment bank be proven true.

The GBP to USD exchange rate could see volatility spike when the US jobs report and wage data is released at 13:30 BST.