Home » Currency Note » Currency Note » Currency Note USD » USD: non-farm payrolls smash expectations

The headline release from the US on Friday was the non-farm payrolls reading, which came in far better than expected. The figure increased by 312,000 in December following an upwardly revised 176,000 increase in November, smashing expectations of 177,000. The news was welcomed by stock markets around the world, especially given recent large sell-offs in household name stocks, including Apple.

The Dow Jones Industrial Average also benefited from comments made by Fed Cahri Jerome Powell, who said that the central bank will be patient in hiking interest rates. The US and China are expected to hold negotiations over trade over the next couple of days, so it will be interesting to see if anything can be agreed.

It is a fairly busy start to the week, with factory orders in November set for release this afternoon, as well as the non-manufacturing PMI reading for December. Last time around, the figure was a whopping 60.7 and it is expected to dip slightly. On Wednesday, we will see the meeting minutes from the latest Federal Open Market Committee meeting, which should prove to be interesting.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.