The typical/expected impact on USD pairs is medium.
The consensus forecast for Employment Cost Index is 0.9%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
The most recent announced value for Employment Cost Index was 0.8% against a forecast of 0.9%.
Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Employment Cost Index result:
Country: | United States |
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Currency: | USD |
Source: | US Bureau of Labor Statistics |
Category: | Labor Market |
Frequency: | Quarterly |