- US: Employment Cost Index rises by 1.2% in Q1 vs. 1.1% expected
Noticias del mercado
28 abril 2023
US: Employment Cost Index rises by 1.2% in Q1 vs. 1.1% expected
- US Employment Cost Index rose more than expected in Q1.
- US Dollar Index clings to strong daily gains above 102.00.
The data published by the US Bureau of Labor Statistics revealed on Friday that the Employment Cost Index, compensation costs for civilian workers, increased by 1.2% in the first quarter.
This reading followed the 1% growth recorded in the previous quarter and came higher than the market expectation of 1%.
Market reaction
The US Dollar Index, which tracks the US Dollar's performance against a basket of six major currencies, preserves its bullish momentum after this data and was last seen rising 0.6% on the day at 102.10.
Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir cuenta demo y página personal