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US non-farm payrolls for February rose 313,000 against a forecast of 205,000, with the unemployment rate steady at 4.1%. Average hourly earnings grew 2.6% versus an expected 2.8%, which tempered the dollar's response.
The dollar index tested above 90.00 but had minimal net movement.
The strong jobs headline supports the case for further Fed tightening, which tends to firm the dollar and weigh on dollar-priced commodities. The softer wage figure limits how far rate expectations shift.
nasdaq.comDailyFXMar 9, 2018After 23 past neutral report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
