Trading news

Dollar higher after nonfarm payrolls release

Weekly synopsis

The dollar appreciated versus its major counterparts last Friday, following the latest U.S. nonfarm payrolls release having shown that December's hiring diminished, despite the acceleration of the wage growth over a seven-year period.

U.S. dollar index higher to 102.17

The U.S. dollar index traded to 102.17, rising 0.77% while having dropped during the last two sessions.

The economy in the U.S. introduced, for the month of December, 156,000 jobs compared to the previous month, upon the rate of unemployment rising to the rate of 4.7%, the Labor Department stated.

The greenback traded 1.45% higher versus the yen, thus the USD/JPY reaching the 117.02 zone, and the pair ending the week with gains as high as 0.2%.

Furthermore, the EUR/USD traded at 1.0532, dropping 0.67%, and the GBP/USD pair declined 1.08% to 1.2283.

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Monday, 09 Jan, 2017 / 8:34

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/dollar-higher-after-nonfarm-payrolls-release

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