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🎈🇺🇸 U.S. Labour Market Continues to Top Estimates: Cable FX Macro

Updated: May 10, 2023

  • We have seen a Bloomberg U.S. economic surprise index rise to positive readings over the last couple of weeks, it now stands at the highest level recorded this year

  • We're set to receive the latest labour market situation report, the sector is holding upside surprises despite higher interest rates and the rise in wages

  • The household sector and business surveys have seen a net miss, a range of Fed activity indicators dropped further while the latest ISM surveys surprised to the upside

  • Over the last month, we have seen a measure of the dollar trade in line with U.S. labour market releases.

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