Highlights last week include an unexpected slight uptick in the UK’s Services PMI, which gave the pound some mid-week support, as well as Friday’s strong US jobs report, which included a drop in the Unemployment Rate and a rise in wage growth. The jobs report strengthened the dollar, offsetting some earlier dollar weakness after Manufacturing and Non-Manufacturing PMI data disappointed and Fed member Dudley made dovish comments. This …
Highlights last week include an unexpected slight uptick in the UK’s Services PMI, which gave the pound some mid-week support, as well as Friday’s strong US jobs report, which included a drop in the Unemployment Rate and a rise in wage growth. The jobs report strengthened the dollar, offsetting some earlier dollar weakness after Manufacturing and Non-Manufacturing PMI data disappointed and Fed member Dudley made dovish comments. This …