US economy adds 292k jobs but wages stagnate, will Dollar remain weak?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Quite a surprise on Friday when the Non-Farm Payrolls report was released and the global currency markets reacted in a volatile manner to the way the labor market figures printed. Analysts were expecting a mild reading of around 200k jobs added in the US workforce but the actual reading smashed expectations when it came at 292k jobs and the upwards revision of last month’s report was also a bullish sign that should have excited Dollar traders. However the surprise was not just about the number

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