May 12, 2021 09:51 GMTFXStreet News
DXY gives away earlier gains to the 90.40 region.
US 10-year yields also creeps lower around 1.61%.
US inflation figures tracked by the CPI next of relevance in the docket.
The greenback, in terms of the
US Dollar Index (DXY), faltered around the 90.40 region and sparked a corrective downside to the 90.25/20 band at the time of writing.
US Dollar Index looks to data
The index extends the erratic performance so far this week, although it looks well supported by the 90.00 neighbourhood for the time being. Indeed, despite the prevailing bearish note around the
buck, sellers still remain unable to convincingly breach the 90.00 mark.
The Conference Board s Employment Trends Index - which forecasts employment for the next 6 months - significantly increased with the authors saying
Despite the disappointing April jobs report, the Employment Trends Index significantly increased in April .
Analyst Opinion of Conference Board s Employment Index
Econintersect evaluates the year-over-year change of this index (which is different than the headline view) - as we do with our own employment index. The year-over-year index growth rate accelerated by 36.3 % month-over-month and a positive 43.9 % year-over-year. The Econintersect employment index is now in positive territory but now declining and we are predicting slowing growth over the next 6 months.
The Conference Board Employment Trends Index™ (ETI) Increased in April
Index shows no signs of slowing job growth
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NEW YORK, May 10, 2021 /PRNewswire/ The Conference Board Employment Trends Index™ (ETI) significantly increased in April, after an increase in March. The index now stands at 105.44, up from 102.65 (an upward revision) in March. The index is currently up 45.7 percent from a year ago. Despite the disappointing April jobs report, the Employment Trends Index significantly increased in April, suggesting strong employment growth in the coming months, said Gad Levanon, Head of The Conference Board Labor Markets Institute. Most of the Index s components are rapidly improving. However, the number of employees in the temporary help industry, usually a strong leading indicator of employment, declined in April. Rather than signaling a weak outlook for job growth, it may reflect some substitution in employment as e
The Employment Numbers Left Forecasters Stunned, But The Surveys Don t Lie forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
5/7/2021 7:24:16 AM GMT | By Pablo Piovano
DXY looks cautious in sub-91.00 levels ahead of NFP.
US 10-year yields remain within a consolidative mood near 1.57%.
US Nonfarm Payrolls take centre stage later in the session.
The greenback, in terms of the
US Dollar Index (DXY), alternates gains with losses in the sub-91.00 area at the end of the week.
US Dollar Index flat ahead of NFP
The index navigates the lower bound of the recent range in the sub-91.00 region on the back of the flat activity in US yields and the better mood surrounding the risk-associated universe.
Indeed, yields of the key US 10-year note look stabilized in the 1.57% region so far on Friday, reflecting the rising cautiousness ahead of the release of the monthly US labour market report.