Against the background of not very intelligible messages from the Fed representatives about the likely prospects for monetary policy in the near future, the foreign exchange market was overwhelmed by speculation. Market participants reacted ambiguously to the current situation and conducted trade transactions within the security corridor avoiding obvious risks.
Quotes of the single currency didn’t change significantly. The euro was trading mixed against a common basket of major currencies.
Contrary to not too optimistic forecasts, the tendency of growth in employment has noticeably increased in the USA. In January, the number of jobs has increased. According to the independent experts, these figures are the highest in the last 11 months.
According to the Department of Labor, last month, excluding employment in the agro-industrial sector, the number of jobs increased by 304 thousand people. In particular, this trend was influenced by the high demand for workers in the field of construction and services. And this is against the background of the fact that analysts predicted an increase in employment to the level of 165 thousand people. Among other things, the tendency of growth of employment of the population could also be affected by the fact that the average salary in the USA increased over the past year which amounted to about 3.2% growth.
Contrary to the experts' preliminary forecast of 90.8 points, the consumer sentiment index dropped to 91.2 points. However, against the background of the previous month with an index of 98.3 points, this decrease is still quite significant. Many market participants no longer feel the same optimism and confidence.
Even so, additional statistics can affect the final position of investors. As it became known from the ISM report, activity in the manufacturing sector has increased, surpassing preliminary forecasts.
The manufacturing PMI index in the previous month was 56.6 points against 54.3 points a month earlier. Against the background of a preliminary forecast of 54.2 points.
The pound sterling has reached parity with the US dollar despite the fact that the latest data on the economic growth of the British economy have extremely negative dynamics.