- Dollar falls despite strong headline NFP print
- US-Iran stalemate revives inflation concerns
- Investors assign a 45% chance of a 2027 Fed rate hike
- US CPI data (Tuesday at 12:30 GMT) key for dollar and Fed direction
US Jobs Report: Not as Shiny as Headline Numbers Suggest
The traded on the back foot against its major counterparts on Friday, staying week even after the US jobs report revealed a much-stronger-than-expected headline .
Investors remained concerned about the labor market not coming out of the woods yet as the number of people working part-time for economic reasons increased the most in 14 months and household employment decreased for a fourth straight month. Although the held steady at 4.3%, this was due to a shrinking labor force.
What’s more, average hourly earnings increased by less than expected, suggesting that, although the state of the economy does not warrant…
