The published employment reports in the US showed a sudden increase, which affected currency and commodity prices

Market News
03.05.2024

The published employment reports in the US showed an unexpected increase in the number of jobs.
This positive outcome has had an impact on the foreign exchange market, especially on the dollar, which has strengthened against the backdrop of expectations of a rise in Federal Reserve interest rates.

Employment data also boosted optimism about economic growth, which affected commodity prices such as oil and gold. Market participants have begun to revise their forecasts, taking into account the possible acceleration of inflation and monetary policy adjustment.