Post #309

The U.S Government published reports for its December 2020 Employment Statistics. Employment change deviated from a forecast of 60K to -140K(negative impact) while November employment change was revised from 245K to 336K(positive impact). Unemployment rate for the month of December deviated from a forecast of 6.8% to 6.7%(positive impact). Finally Average Hourly Earnings deviated from a forecast of 0.2% to 0.8%(positive impact). Fundamentally we could have a mixed US Dollar behaviour in the market from these economic reports even though there's a high tendency of seeing Dollar recovery in the markets on the long term.