The typical/expected impact on USD pairs is medium.
The consensus forecast for Employment Cost Index is 0.9%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Employment Cost Index result:
| Country: | United States |
|---|---|
| Currency: | USD |
| Source: | US Bureau of Labor Statistics |
| Category: | Labor Market |
| Frequency: | Quarterly |