FX markets

Daily Market View 21-11-2025

Listen to this daily briefing

1:26

Non-Farm Payrolls Sees Most Jobs Added Since April

1 Minute Market Rundown

US adds 119,000 jobs added to economy in September, although jobless rate rises to 4.4%.
Dollar reasonably unaffected by release, possibly owing to the degree that this figures are two months old.
October retail sales report for the UK suggest sales declined at double the rate initially expected.

USD-

US Non-Farm payrolls data for September released yesterday, showing a stronger than anticipated rebound in overall hiring, despite a 0.1% increase in unemployment. Higher levels of construction, education and Governmental hires back in September all helped to bring the figure up.

A particular shame about Government workers, who must have been unpleasantly shocked when they found themselves on furlough only a few weeks later.

Screenshot 2025-11-21 080015

For now, it was a stronger NFP figure than was expected, although the incline in unemployment could become concerning if it continues. In the mind of the market, yesterday lowered the chances of a Fed cut from 43% to just 37%, although, we still have data to see in early December yet.

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.

Today's Economic Calendar

Major Economic Releases (All times in GMT)

No major releases

Book Currency Workshop

Learn how market shifts impact your FX need or your business, directly from our analyst in a free consultation by good old fashioned phone call.

Book now

Sign up for the monthly outlook

The currency markets never sit still. Neither should your plans. Join 45 minutes of practical, jargon-free analysis on what’s moving the markets—and what it means for you or your business.