Select Language

USD: A point on the US labor market report - Commerzbank

Breaking news

USD: A point on the US labor market report - Commerzbank

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.09.05 19:31
USD: A point on the US labor market report - Commerzbank

update 2025.09.05 19:31

One more point on today's data: weak employment growth would not only have implications for US monetary policy, it would also indicate whether the dismissal of the head of the responsible statistics office could have an impact on data collection, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

USD faces significant headwinds

"Let us remember that US President Trump fired Erika McEntarfer, head of the Bureau of Labor Statistics, last month in response to the surprisingly weak labor market report. One of the main reasons for this was the sharp downward revision of employment growth in previous months."

"Our US experts have already warned that the annual benchmark revision, which led to a sharp downward correction in employment last year, is due for publication on 9th September. They also see signs that actual employment dynamics are weaker than previously reported by the BLS."

"In this respect, the dollar faces significant headwinds, as the figures could give new impetus to speculation about interest rate cuts. In contrast, given the political pressure, a surprisingly strong report should be treated with caution."


Date

Created

 : 2025.09.05

Update

Last updated

 : 2025.09.05

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

EUR/USD edges higher as traders digest in-line US PCE inflation data

The Euro (EUR) edges modestly higher against the US Dollar (USD) on Friday, extending its intraday advance as investors weigh the latest US Personal Consumption Expenditures (PCE) inflation report, which came mostly in line with forecasts and offered little fresh impetus.
New
update2025.09.26 22:21

Fed's Barkin: Focus is now on balancing the Fed's goals

Richmond Federal Reserve President Thomas Barkin said on Friday that he saw limited risks of a sharp increase in either unemployment or inflation, which he argued would allow the Fed to balance its dual mandate as it considers further interest rate cuts.
New
update2025.09.26 22:15

Canada: GDP expanded by 0.2% MoM in July

Statistics Canada noted that the Canadian economy expanded by 0.2% in July, coming in above initial estimates of a 0.1% gain and reversing the previous 0.1% monthly contraction.
New
update2025.09.26 21:45

EUR/CHF Price Forecast: consolidates near 0.9330, downside bias intact below key resistance

EUR/CHF is trading sideways on Friday, hovering near 0.9332 after a choppy week marked by the Swiss National Bank's (SNB) monetary policy announcement.
New
update2025.09.26 21:29

Silver rises more sharply than Gold - Commerzbank

The price of Gold may have recently reached a new record high, but the price of Silver has actually performed even more impressively, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
New
update2025.09.26 21:17

Russia plans to limit diesel exports - Commerzbank

The crack spread in the diesel market climbed to nearly $27 per barrel yesterday, marking a 19-month high, Commerzbank's commodity analyst Barbara Lambrecht notes.
New
update2025.09.26 21:15

USD ignores softer Tokyo CPI with focus on spreads & US PCE - Scotiabank

The Japanese Yen (JPY) is trading defensively in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
update2025.09.26 21:10

GBP is outperforming on crosses as BoE repricing shifts with Fed - Scotiabank

The Pound Sterling (GBP) is trading flat against the US Dollar (USD) and outperforming all of the G10 currencies on the crosses, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
update2025.09.26 21:08

Resumption of Oil deliveries from Iraqi Kurdistan reportedly imminent - Commerzbank

Concerns that the US might toughen its stance against Russia have pushed Oil prices back to the upper edge of the trading range that has been in place for two months, Commerzbank's commodity analyst Barbara Lambrecht notes.
New
update2025.09.26 21:06

EUR/USD: Spread correlations reveal relative CB policy dominance - Scotiabank

The Euro (EUR) is attempting to stabilize in the mid/upper-1.16s following US data-driven losses on Wednesday and Thursday, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
update2025.09.26 21:05

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel