Huitong.com March 7th - On Tuesday (March 7th), the US dollar index fluctuated and then fell back after a narrow range of fluctuations and trading at the 101.64 line.
According to FX678 observations, BNP Paribas (BNPP) predicts that the non-farm employment population in the United States will increase by 185,000 after the seasonal adjustment in February, of which the employment population in the commodity production industry will increase by 30,000, the employment population in the private service industry will increase by 152,000, and the employment population in the government will increase by 3,000.
The bank pointed out that this expectation is basically in line with the three-month, six-month and twelve-month averages recorded in January, at 183,000, 183,000 and 195,000, respectively.
The bank said that the U.S. unemployment rate is expected to fall 0.1% to 4.7% in February, and the labor participation rate is expected to remain flat at 62.9%.
Huitong.com pointed out that the changes in the non-farm employment population in the United States after the seasonal adjustment in February will be announced at 21:30 Beijing time on Friday (March 10). The market's bet on the Federal Reserve's March interest rate hike has soared recently. As long as the non-farm data is not too weak, the rate hike in March is almost a foregone conclusion.
Huitong Finance Yihuitong Market Software shows that Beijing time at 11:07, the US dollar index was 101.64/66.
