US EditionThe dollar struggles for gains despite a solid set of payrolls in April - Monex Canada
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The dollar struggles for gains despite a solid set of payrolls in April - Monex Canada
Yet another solid payrolls reading should push back recession fears. The US economy gained 177k jobs in April, above all estimates collected by Bloomberg. Consensus predictions had projected 138k job additions last month, albeit March did see a downward revision, from 228k to 185k. Even so, when accompanied by an unemployment rate that remained unchanged at 4.2%, this is not a set of readings that suggests the Fed will be cutting rates any time …
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