US nonfarm payrolls rose 272,000 in May 2024 against an expected 185,000. Unemployment edged up to 4.0% and wage growth reached 4.1% year on year.
The US Dollar Index rose 0.5% to 104.60 after the release.
A large jobs beat with firm wages pushes back expectations for Fed easing, which strengthens the dollar and tends to weigh on dollar-priced commodities.
Setelah 53 peristiwa laporan bullish sebelumnya, Dolar AS (Luas) bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -0,4% sampai +0,5%), dan +0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
The payrolls beat (272k vs 185k expected) with wage growth at 4.1% was the direct catalyst for the dollar's jump upon release.