020 7898 0500Figures released yesterday showed that private businesses in the US hired 250,000 workers in December 2017, which smashed forecasts of 190,000. It serves as further evidence that the US economy is robust and is the largest monthly increase since March.
However, the data didn’t prevent the dollar from sliding once more against sterling and the euro. Given that non-farm payroll report is set for release tomorrow, we could see some dollar movement if the reading is positive (something more likely given yesterday’s data release) but who can “guess” which way.
In what is an extremely busy end to the week for the US, we will also see the balance of trade for November, the unemployment rate for December and the ISM non-manufacturing PMI for December.
