Nonfarm Productivity q/q comes in at 1.4% against 1.4% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
US Nonfarm Productivity q/q was released at 12:30 UTC, showing a reading of 1.4%. This figure matched the consensus expectation of 1.4%. The previous quarter’s reading was also 1.4%, indicating no change from the prior period and a 0.0% surprise against the consensus.
Following the release, market reaction was observed across major currency pairs and XAUUSD. AUDUSD moved up 10 pips 15 minutes after the release, compared to its median 1-hour move of 6 pips. EURUSD gained 10 pips, while its median 1-hour move is 8 pips. GBPUSD saw a rise of 18 pips, reaching its typical top-quarter move of 18+ pips. NZDUSD was up 9.3 pips, against a median 1-hour move of 7 pips. In USD pairs, USDCAD fell 6.0 pips, a move smaller than its median 1-hour move of 7 pips. USDCHF declined 9.8 pips, exceeding its median 1-hour move of 7 pips. USDJPY dropped 20 pips, significantly surpassing its top-quarter move of 15+ pips. XAUUSD also saw a notable increase of 225 pips, well above its typical top-quarter move of 66+ pips after past releases.