No rush to hike in Nonfarm Payrolls – Westpac

By FXStreet FXStreet (Guatemala) – Analysts at Westpac noted the recent key data events that markets are trading upon.

Key Quotes:

“US non-farm payrolls rose by 292k in Dec, well above the 200k consensus estimate, and Nov numbers were revised higher from 211k to 252k. The unemployment rate remained at 5.0%, thanks to an increase in the participation rate from 62.5% to 62.6%. The only disappointing component of the report was the unchanged average hourly earnings, while economists were expecting a 0.2% increase. The data keeps a March Fed hike alive, though soft wage growth means there’s no rush.”

“Chinese CPI rose 1.6% y/y in Dec, and PPI fell 5.9%y/y, broadly matching expectations. Policy however remains focused on growth.”
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Source:: FX Street