The US dollar is steadily rising after today’s latest jobs data. Wages and labor force participation picked up modestly in October, while the non-farm payrolls report showed employers created 161,000 jobs for the month, just below the 175,000 jobs analysts were expecting. The results are seemingly enough to keep most investors confident that the Federal Reserve will raise interest rates next month, lifting the dollar.
Across the Atlantic, the euro is trading lower after a string of October business activity readings from major Eurozone countries showed all but Germany missing analysts’ growth projections.
The pound has been climbing since yesterday’s UK court decision, which ruled that parliament would be required to hold a vote on Brexit before any EU referendum plans officially begin next year. With investors short on details for next year’s Brexit liftoff, a debate in parliament could alleviate some uncertainty around the UK’s future outlook.
Elsewhere, the Canadian dollar is falling as oil prices fall closer to $44 per barrel, despite the country’s strong jobs report for Canada. The Australian dollar is sliding against a stronger US dollar with no new data set to come out today. The Japanese yen weakening against the US dollar’s renewed strength today.
EURUSD: The euro is down as Eurozone business activity growth largely missed expectations.
GBPUSD: The pound is up after yesterday’s UK court decision involving parliament voting on Brexit.
AUDUSD: The Aussie dollar is down against a stronger US dollar.
USDCAD: The Canadian dollar is falling as oil prices continue to slide.