Investors await U.S. Nonfarm Payrolls

10 Jan 2020

The U.S. Nonfarm Payrolls report for December have left an effect on the EUR/USD pair, that now appears to be indecisive. The pair opened Friday’s session at 1.1106 and was last traded at 1.1108.

The currency’s value would go down if the payrolls turn out to be less than expected. Furthermore, around 164,000 jobs are estimated to have been offered to the public last month in the U.S., following another 226,000 positions added in November.

Currently, the country’s jobless rate is 3.5%, and is expected to remain the same. Participation rate is forecasted to be 63.2%. 

Analysts said, “An upbeat report will likely trigger dollar gains across the board.”

The GBP/USD is looking to pick up its pace as it holds below the 1.31 mark. The pair may change positions after the London’s opening. It opened ay 1.3067, undergoing a 0.07% daily change. 

The Bank of England may stall the interest rate rise, as Mark Carney stated that an “open question” was yet to be answered to see if the country’s monetary policy framework “should be adjusted to embed a commitment to hold rates lower for longer.”

Additionally, the pair saw gains after British Prime Minister Boris Johnson’s Withdrawal Agreement Bill (WAB) passed the House of Commons. 

The AUD/USD pair opened at 0.6855, last traded at 0.6877, following better Aussie macro data-led intraday gains.