Dollar Up on Higher US Yields; Nonfarm Payrolls

Note  The table above is updated before publication with the latest consensus forecasts. However, the text charts are prepared ahead of time. Therefore there can be discrepancies between the forecasts given in the table above and in the text charts. 

Rates as of 0500 GMT

US politics

Well, the votes were counted and it looks like Presidentelect Biden did win, after all. Plus the Democrats have control of the Senate. Trump is the first president since Hoover in 1932 to enter the White House with his party in control of both the House of Representatives and the Senate and to lose all three by end of his first term. So much winning! 

Following Wednesdays astonishing scenes of mayhem in the US Capitol, there are increasing calls for the government to do something about Trump. Another impeachment bill is in the offing and there is talk that some Cabinet members are considering exercising their ability under the 25th Amendment to the US Constitution to declare a president unable to discharge the powers and duties of his office and replace him with the Vice President. Leaders of the Democrats tried to call the VP to urge him to do this, but unfortunately the VP refused to take their phone calls, which suggests its not likely to happen. Meanwhile, a whole bunch of rats deserted the sinking ship administration officials have resigned in the wake of the events, including two Cabinet ministers. 

Trump could also face legal charges for incitement. The chief federal prosecutor…

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