Greenback Waiting For NFP

Forex News

At the beginning of 2018, stocks looks more than firm, having reached maximums this week. This shrugs off all the speculations that equities will drop as a reaction to tax reform. More so, economists assume that the reform will improve consumer spending and economic growth. Nonetheless, greenback is still soft. The currency is waiting non-farm payroll data, which might give it an additional boost. NFP is expected to rise 190,000. Unemployment, though, is projected to stay at 4.1%

Rate hikes this year remain a very hot topic among investors. Fed is expected to raise rates 3 or 4 times. Today’s Average Hourly Earnings report might provide some hints concerning this issue.