On July 3, the US non-farm payrolls data for June is expected to increase by 110,000, down from 139,000 in May. The US Bureau of Labor Statistics will release employment data at 20:30 Beijing time on Thursday. This data will have a significant impact on the dollar's performance, as it provides key data to determine when the Federal Reserve will cut interest rates next. The June employment report will receive close attention to measure the timing of the Federal Reserve's next rate cut and the trend of the US dollar. The US dollar is currently close to a three-and-a-half-year low. Economists expect the number of non-farm payrolls to increase by 110,000 in June, and the unemployment rate may rise to 4.3% from 4.2% in May. Meanwhile, the average hourly wage is expected to increase by 3.9% year over year, the same as in May. Analysts at TD Securities expect the number of non-farm payrolls to increase by 125,000 in June, the unemployment rate to rise to 4.3%, and the average hourly wage to increase by 0.2% month-on-month, down from 0.4% in May. They also pointed out that leading indicators showed a downside risk in the June employment data.

Zhitongcaijing · 07/03 11:17
On July 3, the US non-farm payrolls data for June is expected to increase by 110,000, down from 139,000 in May. The US Bureau of Labor Statistics will release employment data at 20:30 Beijing time on Thursday. This data will have a significant impact on the dollar's performance, as it provides key data to determine when the Federal Reserve will cut interest rates next. The June employment report will receive close attention to measure the timing of the Federal Reserve's next rate cut and the trend of the US dollar. The US dollar is currently close to a three-and-a-half-year low. Economists expect the number of non-farm payrolls to increase by 110,000 in June, and the unemployment rate may rise to 4.3% from 4.2% in May. Meanwhile, the average hourly wage is expected to increase by 3.9% year over year, the same as in May. Analysts at TD Securities expect the number of non-farm payrolls to increase by 125,000 in June, the unemployment rate to rise to 4.3%, and the average hourly wage to increase by 0.2% month-on-month, down from 0.4% in May. They also pointed out that leading indicators showed a downside risk in the June employment data.