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Forex News

News source: FXStreet
Sep 07, 18:05 HKT
154.06: Japanese Yen hits fresh six-month highs amid hopes of steeper BoJ hikes
  • USD/JPY resumes its downtrend on Monday and hits fresh six-month lows near 154.00.
  • Market expectations of a faster BoJ tightening path have sent the Yen rallying across the board over the last few weeks.
  • The pair is trading below the neckline of a large bearish Head & Shoulders pattern.

The Japanese Yen (JPY)  resumes its uptrend against the US Dollar (USD) on Monday, as the dust from a bright US Nonfarm Payrolls (NFP) report settles, and Japanese officials hint at some steepening of the Bank of Japan’s (BoJ) tightening cycle ahead. The USD/JPY pair has breached the support area around 155.15 to hit fresh six-month lows near 154.00 on Monday.

Analysts at Danske Bank note a marked shift in Japanese policy expectations, highlighting that in Japan, "Takuji Aida, economic adviser to PM Takaichi and seen as one of the most vocal opponents of BoJ rate hikes, now expects the Bank of Japan to raise rates at its 17-18 September meeting, followed by another hike by January next year."

"Aida warns that a faster tightening pace could weigh on the economy," affirm the Danske Bank experts in a note, which suggests that more rate hikes might be on the BoJ's pipeline.

NBIM shift underscores rotation from US Treasuries into Japan

Beyond that, Shreyas Gopal, Deutsche Bank’s FX analyst, has examined the implications of the Norges Bank Investment Management (NBIM) portfolio changes, concluding that the planned reallocation is “likely to, on net, result in a notable reduction in ownership of US Treasuries and a significant increase in allocation to Japanese government bonds.”

The report frames this shift as part of a broader reassessment of sovereign risk and diversification priorities, with the move into Japan’s government bond market seen as a potentially supportive medium-term factor for the Yen, even if the absolute flow size remains modest relative to global benchmarks.

Technical Analysis: USD/JPY highlights a large H&S formation


USD/JPY daily chart
USD/JPY daily chart


USD/JPY has pierced a support area a few pips above 155.00 on Monday, which is the neckline of a bearish Head & Shoulders (H&S) pattern on the daily chart, a common figure for trend shifts. Momentum indicators show the daily Relative Strength Index (RSI) (14) reaching oversold levels near 27, and the Moving Average Convergence Divergence (MACD) on the same timeframe heading lower at levels sub-zero. This reinforces the current downward momentum despite the risk of a corrective bounce.

The pair is now testing support at the February 24 low in the 154.00 area. Further down, the late January lows just above 152.00 will be targeted. The H&S's measured target is at the October 2025 low, at the 149.60 area. Upside attempts above the mentioned 155.15 area, on the other hand, are likely to meet resistance at the August 7 low, in the 156.60 area, and the August 20 low, near 158.00.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Bank of Japan FAQs

The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.

The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank’s policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds. In March 2024, the BoJ lifted interest rates, effectively retreating from the ultra-loose monetary policy stance.

The Bank’s massive stimulus caused the Yen to depreciate against its main currency peers. This process exacerbated in 2022 and 2023 due to an increasing policy divergence between the Bank of Japan and other main central banks, which opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ’s policy led to a widening differential with other currencies, dragging down the value of the Yen. This trend partly reversed in 2024, when the BoJ decided to abandon its ultra-loose policy stance.

A weaker Yen and the spike in global energy prices led to an increase in Japanese inflation, which exceeded the BoJ’s 2% target. The prospect of rising salaries in the country – a key element fuelling inflation – also contributed to the move.


Sep 07, 17:55 HKT
Euro tumbles as Japanese Yen benefits from BoJ rate hike bets
  • EUR/JPY falls more than 1% on Monday, pressured by a sharp strengthening of the Japanese Yen.
  • Markets now widely expect an interest rate hike in Japan at the September meeting.
  • German Industrial Production disappoints in July, while Eurozone investor confidence improves significantly.

EUR/JPY falls 1.11% on Monday and trades around 179.45 at the time of writing. The sharp decline in the cross mainly reflects the strong appreciation of the Japanese Yen (JPY), supported by growing expectations of monetary policy tightening by the Bank of Japan (BoJ).

Investors now appear to have fully priced in a 25-basis-point interest rate hike at the next BoJ meeting, scheduled for September 17-18. Some analysts also see the possibility of a larger move aimed at containing inflation expectations and rising long-term bond yields.

Speculation about a potential intervention by Japanese authorities in the foreign exchange market provides additional support to the Japanese Yen. The combination of prospects for higher interest rates in Japan and intervention risks therefore benefits the Japanese currency and intensifies the downward pressure on EUR/JPY.

On the European side, the Euro (EUR) received mixed macroeconomic signals on Monday. Germany's Federal Statistical Office (Destatis) reported that German Industrial Production declined by 1.1% MoM in July, following stagnation in June, revised from the 0.2% increase initially reported. The reading came in well below the 0.3% growth expected by markets.

On an annual basis, German Industrial Production fell by 1.6% YoY in July, following a 0.5% contraction in June. The figures highlight the persistent difficulties facing the industrial sector of the Eurozone's largest economy.

Data from the rest of the region were more encouraging. The Eurozone Sentix Investor Confidence Index rose to 5.1 in September from 0.9 in August, signaling a significant improvement in investor sentiment.

Meanwhile, Eurozone growth was revised higher. Gross Domestic Product (GDP) expanded by 0.6% QoQ in the second quarter, compared with the previous estimate of 0.4%, marking its strongest quarterly growth rate since the second quarter of 2022. On an annual basis, growth is also revised higher to 1.2% YoY, from the previously estimated 1% and compared with 0.6% in the first quarter.

Despite these more encouraging developments for the Eurozone economy, EUR/JPY dynamics remain dominated on Monday by the strengthening of the Japanese Yen and expectations of imminent monetary tightening in Japan.

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.05% -0.12% -1.11% -0.07% -0.20% -0.02% -0.12%
EUR 0.05% -0.07% -1.08% -0.05% -0.14% 0.08% -0.06%
GBP 0.12% 0.07% -1.00% 0.02% -0.07% 0.13% 0.00%
JPY 1.11% 1.08% 1.00% 1.05% 0.93% 1.15% 1.05%
CAD 0.07% 0.05% -0.02% -1.05% -0.13% 0.08% -0.04%
AUD 0.20% 0.14% 0.07% -0.93% 0.13% 0.21% 0.08%
NZD 0.02% -0.08% -0.13% -1.15% -0.08% -0.21% -0.12%
CHF 0.12% 0.06% -0.01% -1.05% 0.04% -0.08% 0.12%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Sep 07, 17:54 HKT
EM FX: Policy holds shape CLP, PLN, PEN, TRY – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad expects Chile, Poland, Peru and Türkiye to keep policy rates unchanged at upcoming meetings. Haddad highlights that Chilean Peso (CLP) should trade stronger given copper, Polish Zloty (PLN) benefits from positive real rates and external balances, Peruvian Sol (PEN) may underperform if real rates stay negative, and tight policy in Türkiye is justified as disinflation stalls around 30% year-on-year.

Central bank holds and EM currency risks

"Chile’s central bank is widely expected to keep the policy rate on hold at 4.50% for a fifth straight meeting (Tuesday). The bank is in a good place to keep rates steady for some time. Two-year inflation expectation surveys remain close to its 3% inflation target and the policy rate is near the top of the bank’s 3.75%-4.75% neutral range estimate."

"USD/CLP should be trading much lower given the rally in copper prices, Chile’s main commodity export."

"National Bank of Poland (NBP) is widely expected to keep the policy rate at 3.75% for a fifth straight meeting (Wednesday). NBP delivered 200bps of cuts since July 2025 and the swaps curve implies 75bps of tightening to 4.50% in the next twelve months as inflation is gaining traction."

"Still, Poland’s positive real rates and favorable balance of payments backdrop continue to support PLN."

"Peru’s central bank (BCRP) is widely expected to keep rates unchanged at 4.25% for a 12th consecutive meeting (Thursday). PEN risks underperforming if the bank remains relaxed about above target inflation as it could keep real rates negative for longer."

"Türkiye central bank (CBRT) is widely expected to keep rates on hold at 37.00% for a fifth straight meeting (Thursday). The disinflationary process has stalled around 30% y/y and argues for continued tight monetary policy."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Sep 07, 17:42 HKT
Czech Koruna: CPI keeps CNB on hold but risks build – Commerzbank

Commerzbank’s Tatha Ghose notes that Czech August CPI matched expectations and CNB forecasts, keeping inflation within target and allowing rates to stay unchanged on 17 September. However, underlying momentum is rising, with core and services inflation elevated, and the preconditions for a CNB rate hike intensifying, potentially bringing an end to the wait-and-see stance by November if core inflation and wages climb further.

Inflation momentum nudges CNB closer

"Czech August CPI picked up to 1.9%y/y from 1.7%y/y in July, exactly in line with market expectations and Czech National Bank’s (CNB’s) forecast. The usual year-on-year chart would therefore show inflation still within target, which allows CNB to keep rates unchanged at the 17 September meeting."

"On this framing, there would be no immediate need to respond with monetary policy. Latest wage data were also viewed to be dovish, which strengthens this narrative."

"But, in reality, the price level rose by 0.3%m/m, with fuel prices the main driver – up by an estimated 7%m/m – while food prices fell by 1.1%m/m and mitigated the headline effect."

"Core inflation likely remained at 3%y/y, and services inflation is still elevated at 4.5%y/y. In our preferred seasonally-adjusted month-on-month manner of examining inflation momentum, inflation is now exceeding the 2% target on annualised basis, even after exponential smoothing."

"This does not make a September rate hike any more likely, for sure. The Czech acceleration is still slower than the Polish one. But the direction is clear: the pre-condition for a rate hike is intensifying. If core inflation and wages were to drift higher in coming months too, CNB’s wait-and-see stance would come to an end by November."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Sep 07, 17:32 HKT
Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $65.90 per troy ounce, down 0.47% from the $66.21 it cost on Friday.

Silver prices have decreased by 7.29% since the beginning of the year.

Unit measure

Silver Price Today in USD

Troy Ounce

65.90

1 Gram

2.12

The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 66.94 on Monday, broadly unchanged from 66.91 on Friday.

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

(An automation tool was used in creating this post.)

Sep 07, 17:32 HKT
ECB: Political strains test policy shield – Rabobank

RaboResearch notes that the ECB’s Transmission Protection Instrument provides a backstop for Eurozone government bonds during stress not justified by fundamentals. However, the report questions how robust this framework would be if simultaneous political turmoil hit major Eurozone economies, suggesting markets may need to reassess assumptions about Eurozone cohesion and the effectiveness of ECB interventions.

ECB backstop faces political stress test

"Germany, France, Italy, and Spain account for 60% of Eurozone GDP. Yes, there is a technocratic rules-based EU superstructure, and the ECB’s Transmission Protection Instrument that allows it to buy Eurozone government bonds during periods of market stress or disorderly conditions not justified by country-specific fundamentals. (Just imagine if the Fed under Warsh were to consider putting that kind of monetary policy in place in the current market environment: quelle horreur!) However, how comfortably could that trundle on if we were to see conflated trouble in the Big Four Eurozone political economies? But this isn’t a ‘European’ issue any more than it is a ‘US’ one."

"That’s as French far-left presidential candidate Melenchon, who wants more public spending, declared: “The ECB holds an enormous amount of French state debt. I propose to all the states of the eurozone to cancel this debt held by the ECB”. He added,“We are all members of the euro system, so this is a debt we owe to ourselves. The media establishment has tried to manipulate this reasonable proposal. It took us a few days of explanation to untangle their lies. That is now done. From now on, a poll shows that the French who support this proposal to cancel the debt are more numerous than those who oppose it.“ That’s on top of, “We will establish a public banking hub. Our country has a lot of money.”

"However, nationalist Le Pen is the election favourite. She promises a "golden rule" to keep fiscal deficits under 3% of GDP and a cost-cutting package - which includes €125bn from migration, “useless” public agencies, and France’s EU contribution; plus, she wants to roll back Macron’s pension reform so workers can retire at 62. Le Pen also favours a strategic rapprochement with Moscow, once the war is over, opposes economic sanctions, and aims to limit aid to Kyiv."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Sep 07, 17:18 HKT
Federal Reserve: Inflation data steer policy path – TD Securities

TD Securities economists Oscar Munoz and Eli Nir expect August Consumer Price Index (CPI) to prove subdued enough to keep the Federal Reserve (Fed) on hold in September, with the CPI-to-PCE translation also pointing to contained underlying inflation. They highlight Governor Waller’s preference to pause as long as the data allow, while warning that an upside inflation surprise could still trigger a rate hike.

Fed seen holding as data guide

"Governor Waller would rather keep rates on hold as long as inflation data allows him to do so. However, he emphasized the importance of the August CPI report."

"We expect CPI this week will prove subdued enough to keep the Fed on hold, but the PCE translation will be key."

"If our forecast materializes, core PCE would likely be a modest 0.18% m/m, with market-based an even more subdued 0.13%. This would be a welcome number for the more centrist members of the FOMC like Waller and Williams, and in our view, would be enough to keep the Fed on hold in September."

"We expect the Fed to remain on hold over our forecast horizon. Inflation should remain high for the rest of the year, and the labor market has stabilized, allowing the FOMC to shift focus to its inflation mandate."

"If the Fed were to move this year, we believe that move is more likely to be a hike than a cut."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Sep 07, 17:18 HKT
UK Chancellor Healey: I will build on Reeves' move to recover fiscal discipline

United Kingdom (UK) Chancellor of the Exchequer John Healey signaled in a scheduled speech during the European trading session on Monday that the government will continue focusing on maintaining fiscal discipline, in an attempt to contain higher borrowing costs.

Comments

Global shocks are felt keenly in UK.

Our borrowing costs are at a historic high.

Growth is still fragile but fastest in G7 in H1 2026.

Productivity is finally picking up.

I want to draw line on rising costs in economy.

At the budget I will set out roadmap to fiscal devolution.

I will not let opportunity of AI to pass by, but will not allow it to proliferate without oversight.

We need to face ai risks around national security.

I share concerns people have about ai tech, it will change our labour market in ways that not even economists fully understand.

Market reaction

No major reaction is seen in the British Pound (GBP) following remarks from UK Chancellor Healey. As of writing, GBP/USD trades 0.15% higher to near 1.3536.

Pound Sterling FAQs

The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).

The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.

Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.

Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

Sep 07, 17:10 HKT
Brent: Supply risks support prices – Danske Bank

Danske Bank’s Danske Research Team notes Brent crude trading near USD 97 as renewed US-Iran strikes around the Strait of Hormuz raise concerns over prolonged disruptions to Middle East energy flows. The bank highlights OPEC+’s decision to keep output policy unchanged and likely pause further increases in Q4, but stresses that actual supply control remains constrained by ongoing Iran-related disruptions.

Middle East risks keep Brent elevated

"In geopolitics, Brent crude is trading around USD 97/bbl this morning, extending last week's gains, as renewed US-Iran strikes on commercial shipping around the Strait of Hormuz raise concerns over prolonged disruptions to Middle East energy flows. In the Ukraine war, weekend talks by Witkoff and Kushner in Moscow and Kyiv sought to revive earlier peace proposals, but ended without a breakthrough."

"In commodities, OPEC+ kept oil output policy unchanged for October on Sunday."

"According to Reuters sources, the group is likely to pause further output increases in Q4 while it reviews 2027 quota baselines."

"More broadly, however, OPEC+'s ability to steer actual supply and prices remains limited as long as the Iran conflict continues to disrupt flows through the Strait of Hormuz."

"After an intraday low of USD 93 per bbl, the Brent oil futures contract has risen and currently trades around USD 97 per bbl, after the US and Iran exchanged attacks over the weekend."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Sep 07, 13:33 HKT
Indian Rupee remains higher as FX inflows optimism keeps outweiging oil strain
  • The Indian Rupee trades higher against the US Dollar at the start of the week.
  • Market experts warn INR’s rally due to strong FCNR(B) deposits could be capped.
  • Investors shift their focus to the US CPI data for August.

The Indian Rupee (INR) gains against the US Dollar (USD) at the start of the week. The USD/INR pair drops to near 94.38 as the significant increase in forex reserves due to overwhelming response by Non-Residents to Reserve Bank of India’s (RBI) special foreign deposits window has strengthened the Indian currency.

INR outperformance underpinned by RBI Dollar inflows and reduced left-tail risks

Analysts at MUFG highlight that the Indian Rupee has been a notable outperformer, pointing to “strong outperformance in the Indian Rupee, driven by much higher-than-expected Dollar inflows from RBI’s FCNR(B) FX measures, reaching above US$130bn in total as of 31 Aug.”

The bank advised that investors should not be gung-ho about the Indian currency, as it still thinks USD/INR should trend higher over time. But it ruled out the possibility of a sharp INR depreciation, clarifying that RBI’s FX measures have given authorities meaningful firepower and ammunition.

Higher oil prices could weigh on INR

Rising oil prices due to restricted energy supply through the Strait of Hormuz on the back of US-Iran conflicts could dent the rally in the Indian Rupee.

The continued exchange of attacks between the US and Iran regarding the control of Hormuz is keeping oil prices higher.

On Sunday, the Iranian government said that it targeted three oil tankers using an unauthorized route through the Strait of Hormuz, as well as a number of US-linked ships, in retaliation for US attacks on Iranian tankers over the weekend.

In the opening session on Monday, the MCX Crude Oil contract expiring on September 21 is up 1.75% to near Rs. 8,730, closer to its over three-month high of Rs. 8,791.

US Inflation data in focus

This week, the major event for global markets is expected to be the US Consumer Price Index (CPI) data for August, which will be published on Friday.

Investors will closely track the data as Fed Chairman Kevin Warsh has warned of upside inflation risks several times and has stated that the central bank is committed to bringing price pressures down.

However, recent comments from board members: New York Fed Bank President John Williams and Governor Christopher Waller have signaled that recent data on inflation has been “encouraging”.

Meanwhile, traders are expected to reassess the Fed’s interest rate expectations due to stronger-than-expected Nonfarm Payrolls data for August released on Friday. The data showed that employers hired 162K fresh workers, significantly higher than 56K estimate. July’s NFP data was also revised higher to 21K from -23K.

Currently, the CME FedWatch tool shows a 58% chance that the Fed will hike interest rates at the policy meeting next week.

USD/INR Technical Analysis

In the daily chart, USD/INR trades at 94.45. The pair maintains a bearish near-term bias as price holds below the 20-day Exponential Moving Average (EMA) at 95.17.

The shift in the Relative Strength Index (14) range from the 40.00-60.00 zone to below 40.00 suggests downside momentum remains dominant but also warns that selling pressure could be stretched.

On the downside, the June low at 94.15 will be the key support level for the USD/INR pair. On the topside, the 20-day EMA at 95.15 stands as the first meaningful resistance that the pair would need to reclaim to ease the current bearish tone and open the door to a corrective rebound.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Economic Indicator

Nonfarm Payrolls

The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics (BLS). The monthly changes in payrolls can be extremely volatile. The number is also subject to strong reviews, which can also trigger volatility in the Forex board. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish, although previous months' reviews ​and the Unemployment Rate are as relevant as the headline figure. The market's reaction, therefore, depends on how the market assesses all the data contained in the BLS report as a whole.

Read more.

Last release: Fri Sep 04, 2026 12:30

Frequency: Monthly

Actual: 162K

Consensus: 56K

Previous: -23K

Source: US Bureau of Labor Statistics

America’s monthly jobs report is considered the most important economic indicator for forex traders. Released on the first Friday following the reported month, the change in the number of positions is closely correlated with the overall performance of the economy and is monitored by policymakers. Full employment is one of the Federal Reserve’s mandates and it considers developments in the labor market when setting its policies, thus impacting currencies. Despite several leading indicators shaping estimates, Nonfarm Payrolls tend to surprise markets and trigger substantial volatility. Actual figures beating the consensus tend to be USD bullish.

Forex Market News

Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. From economic data releases to geopolitical developments, these events can sway market sentiment and drive substantial movements in currency valuations.

At Rakuten Securities Hong Kong, we prioritise delivering timely and accurate forex news updates sourced from reputable platforms like FXStreet. This ensures you stay informed about crucial market developments, enabling informed decision-making and proactive strategy adjustments. Whether you’re monitoring forex forecasts, analysing trading perspectives, or seeking to capitalise on emerging trends, our comprehensive approach equips you with the insights needed to navigate the FX market effectively.

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