News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • A big day for $Gold Gold spent > than nine months in this bearish channel, building as a bull flag. At the time: - Bitcoin was below $12k - Ethereum was below $400 - Doge was worth about 1/3rd of 1 cent The only true constant is change
  • 🇺🇸 Overall Net Capital Flows (MAR) Actual: $146.4B Previous: $73.7B
  • 🇺🇸 Foreign Bond Investment (MAR) Actual: $118.9B Previous: $-65.5B
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.31% France 40: 0.25% Germany 30: 0.16% Wall Street: -0.01% US 500: -0.01% View the performance of all markets via
  • Heads Up:🇺🇸 Overall Net Capital Flows (MAR) due at 20:00 GMT (15min) Previous: $72.6B
  • Heads Up:🇺🇸 Foreign Bond Investment (MAR) due at 20:00 GMT (15min) Previous: $-65.5B
  • USD/JPY continues to pullback from the monthly high (109.79) to largely mirror the recent weakness in longer-dated US Treasury yields. Get your market update from @DavidJSong here:
  • Gold continues to climb as US real yields maintain their decline $XAUUSD
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 2.72% Gold: 1.24% Oil - US Crude: 0.02% View the performance of all markets via
  • Canadian #Dollar Forecast: $USDCAD Seven-Week Plunge Searches Support -
US Dollar Unfazed Despite 33K Job Loss Following Non-Farm Payrolls

US Dollar Unfazed Despite 33K Job Loss Following Non-Farm Payrolls

Dylan Jusino,

Talking Points:

- US Non-Farm Payrolls decreased by -33K in September as Hurricanes Harvey and Maria put a hault to hiring.

- The Unemployment rate in the US fell to 4.2% versus the expected 4.4%; lowest since May 2001

- US wages increased along with the participation rate; underemployment fell slightly

- Markets ignored payrolls as the US Dollar rose

- See the DailyFX Economic Calendarand DailyFX Webinar Calendar for event risk coverage like NFPs

See the newly updated fourth quarter forecasts for the US Dollar, Euro, British Pound and more the the DailyFX Trading Guides page.

This morning’s jobs report was purely a reflection of Hurricane Harvey and Maria which interrupted economic activity. The impact of the storms was reflected in jobs data as Non-Farm Payrolls contracted by 33k versus the forecasted +80k. However, the previous figure was revised up from 156k to 169k. Private payrolls also fell but by a wider margin at -40K versus the forecasted +75k.

Not all was bad for the labor market. Average weekly earnings YoY increased by a 2.9% versus the expected 2.6%. The previous figure was revised up to 2.7% compared to the previous 2.5%. The participation rate increased slightly to 63.1% versus the expected 62.9%.

In addition, the unemployment rate hit a near 16-year low at 4.2% marking the best print since May 2001.

For more on this morning’s NFP data be sure to tune into US NFPs (SEP) Round Table Coverage.

Below is a list of economic releases that has driven the US Dollar higher:

- USD Change in Non-farm Payrolls (SEP): -33k versus 80K expected, from 169K (revised high from 156K)

- USD Change in Private Payrolls (SEP): -40k versus 75k expected, from 164k (revised lower from 165k) previous

- USD Unemployment Rate (SEP): 4.2% versus 4.4% expected, from 4.4% previous

See the DailyFX economic calendar for Friday, October 6, 2017

Chart 1: DXY Index 15-minute Chart (October 6, 2017 Intraday)

US Dollar Unfazed Despite 33K Job Loss Following Non-Farm Payrolls

Markets ignored the NFP print as the dollar rose higher on the bearish on the contraction. The unemployment rate caught much of the attention. At the time that this was written DXY traded at 94.14.

--- Written by Dylan Jusino, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.