Heads Up: US Nonfarm Payrolls For May Due Out Friday.
U.S. Employment Data: Will it be Good or Bad for US Dollar?
May jobs report – the main trading indicator on the economic calendar – is coming out on Friday, June 2 at 12:30 GMT. The question the report seeks to answer is: how strong is the U.S. economy, and will it keep growing at its steady pace?
In April, Non-farm payrolls increased by 211,000, much higher than the 79,000 figure in March and above market expectations of 185,000. Unemployment fell from 4.5% in March to 4.4% in March (the lowest jobless rate since May 2007).
A high level of volatility in USD currency pairs such as EUR/USD, GBP/USD and USD/JPY is anticipated immediately after the release.
Date: Friday, June 2, 2017. Time: 12:30 GMT.
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Your capital is at risk. For general information only. Not intended to provide trading or investment advice.
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