June non-farm payrolls rose by 57K, falling short of the 110K forecast and easing Fed rate-cut pressure. US non-farm payrolls increased by 57K in June, missing the 110K estimate and marking a sharp slowdown from prior months. Initial jobless claims came in at 215K, slightl
UOB forecasts USD/SGD to remain within a tight 1.2935–1.2975 band after volatile intraday moves. USD/SGD settled at 1.2960 following a volatile session, with intraday swings between 1.2938 and 1.2975. The pair’s movement reflects recent consolidation near multi-day lows.</
The pair fell 0.55% after softer US economic figures, with technical indicators signaling further downside risks. The USD/CHF retreated to 0.8035, erasing gains from a two-day high of 0.8120, as weaker-than-expected US data pressured the dollar. The US Dollar Index (DXY) d
Weaker-than-expected US payrolls data spurred bets against a Fed rate hike, lifting XAU/USD to $4,111 and pressuring the USD. Gold prices surged over 2% to $4,111 after US Nonfarm Payrolls rose by just 57K in June, well below the 110K estimate. The miss, alongside downward
June nonfarm payrolls rose by just 57,000, missing expectations and revising May’s gain downward to 129,000. The US Dollar Index (DXY) fell to near 100.90 after June’s nonfarm payrolls report showed hiring slowed sharply. Employers added only 57,000 jobs, well below foreca
June Nonfarm Payrolls rose 57K, well below consensus, while May’s figure was revised down to 129K, weighing on the USD. The US Dollar Index fell to 100.90 after June Nonfarm Payrolls increased by just 57,000, missing expectations and marking the slowest hiring pace in over
June payrolls rose just 57K, far below the 110K estimate, prompting traders to cut Fed rate hike bets for September. The US Dollar Index fell to a two-week low near 100.56 after June nonfarm payrolls grew by only 57K, missing the 110K consensus. The report also revised May
Europe lags behind the US in air conditioning adoption The recent heatwaves across Europe have sparked debate about air conditioning adoption. Europe's approach to cooling differs from the US, with a focus on heat pumps. This approach is not a result of cul
The New Zealand Dollar gains against the USD after softer US employment figures reduce demand for the greenback. The New Zealand Dollar rose 0.59% against the US Dollar on Thursday, trading at 0.5705, as weaker-than-expected US employment data weighed on the USD. The decli
Weaker-than-expected US nonfarm payrolls data reduces expectations for a Federal Reserve rate increase, lifting the pound against the dollar. The British pound surged against the US dollar, trading at 1.3359, after US nonfarm payrolls data fell short of estimates. The weak
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