Tag Archive: U.S. Underemployment U6

FX Daily, June 02: Dollar Marks Time Ahead of US Jobs Report

The foreign exchange market is becalmed, leaving the US dollar narrowly mixed. The euro has been confined to less than a 20-pip range through the Asian session and most of the European morning. The news stream is light. The US withdrawal from the Paris Accord may have garnered the headlines, but as a market force, it is difficult to detect the immediate impact.

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A Few Thoughts Ahead of the US Jobs Report

ADP and Non-Manufacturing ISM lend credence to our fear of a disappointing national jobs report. Economists estimate only a small part of the manufacturing jobs loss can be traced to trade policy. 19 states increased min wage at the start of the year, but the impact on the nation's average weekly earnings will likely be too small to detect.

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