# U.S. labour market tightening; services sector growth slowing

> US jobless claims data initially firmed the dollar, but gains faded after a weaker services sector survey. Treasury prices rose after the Bank of England held rates at a record low and cut its forecasts. Markets expected the Fed to delay its next hike until December due to low inflation.

- Date: 2017-08-03 · published 2017-08-03T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/69642-u-s-labour-market-tightening-services-sector-growth-slowing
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Mixed US labour and services data leaves the dollar without a clear trend, so there is little direct push on dollar-priced feed commodities. Lower-for-longer rate expectations generally support commodity prices.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-04-01 | [Trade Weighted US Dollar Index: Broad, Goods and Services (I:TWUSDIBG)](https://feedsoft.ai/events/54306-trade-weighted-us-dollar-index-broad-goods-and-services-i-twusdibg.md) | +0.5% | +0.7% |
| DXY | 2019-02-14 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/60505-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.6% | -0.3% |
| DXY | 2022-02-10 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/42874-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.1% | +1.7% |
| DXY | 2020-10-14 | [September U.S. producer prices rose 0.4%, more than expected](https://feedsoft.ai/events/50813-september-u-s-producer-prices-rose-0-4-more-than-expected.md) | -0.6% | -1.6% |
| DXY | 2021-05-13 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/47283-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.6% | -0.9% |

## Sources

- reuters.com: https://www.reuters.com/article/business/us-labour-market-tightening-services-sector-growth-slowing-idUSKBN1AJ1WW/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.