?Source: fx253fx253 Financial News Agency (Hong Kong) pound sterling live wrote on Friday (May 3) that the non-agricultural report in April showed that the U.S. economy continued to move forward at full speed, creating healthy new jobs. The dollar rally is expected to continue. The U.S. economy cr赛马会论坛高手论坛
eated 253000 new jobs in April, compared with the previous market expectation of only 235000; the U.S. unemployment rate dropped 21 basis points to a nearly 51 year low of 3.5%, while economists had predicted that the unemployment rate would stabilize at 3.3%. MONEX Europe analysts said strong non farm payrolls data showed that "the dollar rally is not over." "Although the fixed income market is still expecting a rate cut, the idea that the Fed will or should cut rates now looks more absurd than earlier this week," said Ranko berich, head of market analysis at MONEX Europe. In the short term, there is little to stop the current strength of the dollar, especially against the euro. After a dismal first quarter, the green shoots of the dollar's sharp rebound against the euro still look very green. " Over the past month, the dollar has risen 1.5% against the euro and looks set to reverse its decline against the pound. However, the dollar did not rise sharply that day, and traders may be concerned that US wage growth is not as awe inspiring as employment data. The average hourly wage rose by only 1.2% in April, compared with a consensus forecast of 1.3%.