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News & Events

6:55am, January 7th 2022

US Jobs Report In Focus

As the first trading week of the new year draws to a close all eyes will be on the US non-farm payrolls report released at 13.30 this afternoon. The data represents December hiring and is expected to come in at 400,000 jobs. However, the mid-week data showing private payrolls in December printed at 807K. As a result, with public sector hiring factored into that number, hopes have built up for another strong NFP report which could spark further concern that the Federal Reserve will be forced to tighten policy faster than expected.

The greenback has not reacted as many would have forecast in wake of the mid-week surprises on the data front and with the more hawkish Fed minutes. It’s lost ground against the pound, euro, and yen and doesn’t appear to be pricing in a positive outcome from today’s report.

Have a good weekend.

Written by Viv Savani. 6:55am, January 7th 2022 Share

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information. Cornhill International Payments Limited is a limited company registered in England and Wales. Registered number:6260585. Registered office: Hana, 70 St Mary Axe, London, EC3A 8BE. Cornhill International Payments Ltd is authorised by the Financial Conduct Authority for the provision of payment services under the Payment Services Regulations 2017 (Reference number: 504494) and supervised by the Financial Conduct Authority under the Money Laundering Regulations 2017.

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