Summary of the most interesting economic events from the trading week of March 4 - 10, 2024

Another Monday recap is here! Join us as we recap what impacted the markets last week to keep you in the loop!

USD

The end of the week was interesting for us mainly thanks to the data from the US labour market, on which the USD weakened. The US economy created 275,000 new jobs in February, which beat market estimates. However, as far as the unemployment rate is concerned, it was not that good. In fact, the unemployment rate rose to 3.9 % in February, reaching the highest level since January 2022.

At first glance, the numbers seemed good, but the details were not so good. The market focused on the unemployment rate and the USD weakened.

What's in store for us this week?

Tuesday: PPI in Japan, UK labour market, US inflation

Wednesday: UK GDP

Thursday: Swiss PPI, Spanish inflation

Sources:

https://www.investing.com

https://www.forexlive.com

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