|Pairs||Federal Reserve as of 4 January 2021||OANDA as of 4 January 2021||OANDA as of 8 January 2021 10:20 am AST|
|Rates||Federal Reserve as of 4 January 2021||Bloomberg as of 8 January 2021 10:51 am AST|
|Federal Funds Rate||0.09||0.08|
Legal/Regulatory/Political Events Impacting Foreign Exchange Markets
An expected dire jobs report
The U.S. Department of Labor today reported that non-farm payroll employment fell by 140,000 jobs in December 2020. The unemployment rate remained at 6.7%, the same rate as reported in December 2020. Significant losses were in the retail and hospitality sectors, according to the Labor Department. Approximately 10.7 million people are out of work.