美国非农就业人数超过预期，新增就业岗位 272,000 个，远高于预期的 185,000 个。这对迅速恶化的美国经济来说是个好消息，但对美联储降息前景来说却是个坏消息。美国劳动力市场最近有所放松，美国经济陷入衰退的势头越来越大，美国 GDP 大幅下降。就业人数与上述说法相矛盾，因此对经济这是个好消息，但衰退是美国通胀被击败的先决条件，因此对降息产生负面影响。未来一周将主要关注经济增长和通胀以及这对利率的影响。美国经济恶化给美联储带来了要求降息的巨大政治压力，但顽固的通胀是一个绊脚石。美联储将在未来一周考虑所有这些因素，并可能继续维持目前的紧缩货币政策。日本央行也将召开会议并决定利率，此前本周早些时候将公布涉及 GDP 增长的关键数据。 GDP 数据可能证实日本正处于衰退之中，这将使得日本央行采取购债行动，但其对未来的看法才是市场的关键关注点。非农就业数据引发美国债券收益率飙升，支持美元走强，迫使欧元回升至 1.0800，而英镑回落至 1.2700。
美元上行抹去了商品货币近期的涨幅，澳元跌至 0.6600 以下，而新西兰元跌至 0.6100。未来一周将主要关注美联储 IRD 以及欧洲和美国通胀和增长率的预测。
US Non-Farm Payrolls beat expectations, adding 272,000 jobs, substantially higher than the expected 185,000. This was good news for what has been a quickly deteriorating US economy, but bad news for the prospect of Fed interest rate cuts. The labour market in the US has been easing of late, as the fall into recession gains momentum, with US GDP plummeting. This jobs number contradicts this narrative, which is good news, but the recession is a required pre-requisite for the defeat of US inflation. The coming week will be dominated by growth and inflation and the impact this has on interest rates. The deteriorating US economy has added enormous political pressure to the Federal Reserve to cut interest rates, but stubborn inflation is a massive stumbling block. The Fed will consider all of this in the coming week and probably continue hold on to the current tight monetary policy. The Bank of Japan is also set to meet and decide on interest rates, following key data set to be released earlier in the week, involving GDP growth. GDP numbers may confirm Japan is in recession, which will ensure the enaction of the Bank of Japan, although narrative will be key. The Non-Farm Payroll number triggered a spike in US Bond Yields supporting a stronger US Dollar, forcing the EUR back to 1.0800, while the GBP dropped back to 1.2700.
The surging in the reserve wiped out recent gains in commodity currencies, with the AUD crashing back below 0.6600, while the NZD slumped to 0.6100. The coming week will be dominated by speculation surrounding the Fed IRD and the reading of inflation and growth rates in Europe and the US.