The US dollar remains strong as markets await key nonfarm payroll data amid ongoing Middle East uncertainty. Meanwhile, UK labour market data shows early signs of softening, clouding the outlook for BoE policy.
Key Takeaways
- 1.US dollar remains well supported and primed for potential strengthening, influenced by ongoing Middle East tensions and upcoming nonfarm payrolls data.
- 2.Evidence of UK labour market weakening is building, potentially complicating Bank of England rate hike decisions.
Table of Contents
- US dollar risks skewed stronger ahead of key jobs data
- USD: Will labour market data show continued stability?
- HOUSEHOLD JOBS SURVEY – WEAKNESS EVIDENT IN RECENT MONTHS
- GBP: UK labour market continues to show signs of weakness
- KEY RELEASES AND EVENTS
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Authors
Derek Halpenny
Securities
DXYEURUSD
Themes
Labour Market HealthGeopolitical RiskMonetary Policy Divergence
Regions
GlobalEuropeMiddle EastUnited StatesUKGermany