Currency Note US Dollar

US dollar awaits key non-farm payroll data later today

By Ricky Bean December 4th, 2015

Like every other currency yesterday, the US dollars movement was dominated by events in the Eurozone which saw it weaken against both the euro and sterling.

However, today’s release of the US Non-farm payrolls figure for November is the key international data release. If the figure meets expectations of 200,000 jobs added then it is being assumed that a December increase in US interest rates by 0.25% is a certainty. But events in Europe show that there is never any certainty for currency markets but the underlying thought is that the figure would have to be truly awful for an increase in interest rates not to happen.