The typical/expected impact on USD pairs is high.
The consensus forecast for Unemployment Rate is 4.3%. A higher value than forecast tends to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Construction Spending (MoM) | (no change) | 0.2% | 0.2% | ||
| NY Empire State Manufacturing Index | Bullish change | 10.7 | 18.7 | ||
| ADP Employment Change 4-week average | Bearish change | 14.25K | -11.25K | ||
| Michigan Consumer Expectations Index | Bearish change | 50.3 | 49 | ||
| Michigan Consumer Sentiment Index | Bearish change | 53.6 | 50.3 | ||
| UoM 1-year Consumer Inflation Expectations | Bullish change | 4.6% | 4.7% | ||
| UoM 5-year Consumer Inflation Expectation | Bearish change | 3.9% | 3.6% | ||
| Challenger Job Cuts | Bullish change | 54.064K | 153.074K | ||
| ISM Services Employment Index | Bullish change | 47.2 | 48.2 | ||
| ISM Services New Orders Index | Bullish change | 50.4 | 56.2 | ||
| ISM Services PMI | Bullish change | 50 | 52.4 | ||
| ISM Services Prices Paid | Bullish change | 69.4 | 70 | ||
| ADP Employment Change | Bullish change | -29K | 42K |