Forex Consulting

US Q3 non-farm productivity final 3.0% vs 3.3% exp

US Q3 non-farm productivity final report now out 6 Dec – 3.0% prelim reading – output increased 4.1% – hours worked increased 1.1% – unit labour costs final -0.2% vs 0.2% exp vs 0.5% prev Soggy labour costs reading won’t please the Fed. Or indeed the workers. Copyright 2015 Forexlive.com

Forex Consulting

Recap: US dollar pushes up, but not much

The story so far today Economic data wasn’t a factor on Wednesday, with only US ADP standing out and matching expectations to further mitigate reaction to the release. Broadly speaking the Buck was able to push a little higher, but gains were mild. The Bank of Canada left policy on hold, producing no hawkish surprises.…

Forex Consulting

Q3 Canada labour productivity -0.6% vs -0.1% prior

Third quarter labour productivity data – Prior was -0.1% (revised to -0.2%) – Largest drop since Q1 2015 – Unit labor costs +1.2% q/q vs -0.7% in Q2 – Avg hourly compensation +0.6% vs -0.9% in Q2 The drop in productivity is actually a hawkish sign. It means there is inflationary pressure on costs, however…