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Fed's Lockhart: Situation on labor market not stable yet

FXStreet (Łódź) - Speaking in New Jersey on Thursday Atlanta Fed President Dennis Lockhart didn't touch upon monetary policy but concentrated on the situation on the US labor market, which in his opinion is still far from normal.

He suggested that with the strengthening of the economy the use of part-time workers should be declining, although the preference for such workers will remain.

Lockhart also pointed to the need of workers adapting to the technological developments on the labor market and the progressive automation.
“If you accept as reality the persistence and growth of automation, robotics, production algorithms and digitization in general, I don’t think it’s difficult to imagine what jobs will increasingly require as hard skills and, consequently, what strategic workforce development will entail,” he said.

USD/CHF reject 0.9490 and trades back at 0.9450

The US Dollar's rally from 0.9400 versus the Swiss Franc found selling interest at 0.9490 where the pair was rejected and launched to trade back at 0.9440. So, the pair found some stabilization around 0.9450 following US industrial production.
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Spanish bond yields rise while the US treasury yields await Industrial production data

The Ten-year bond yields in Spain have increased today for the second consecutive session after the yields repeatedly failed to sustain below 2.03%. Meanwhile, the US ten-year treasury yields continue to trade in the range of 2% to 2.8% as the investors wait for the release of the Industrial production data.
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