Market Comment |Fed’s dovishness weighs on the US dollar and yields

Better-than-expected non-farm payrolls in the US. US non-farm payrolls increased above estimates in March (by 215K; consensus: 205K; previous: 245K). However, manufacturing payrolls dropped unexpectedly (by -29K; consensus: 2K). As a result, the unemployment rate increased slightly (to 5.0%; consensus: 4.9%) although wages rose in March (by 2.3% YoY) after the last fall. On another […]

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