Trading news

U.S. dollar stronger against its counterparts

Weekly synopsis

U.S. dollar accelerated versus its major counterparts last Friday, thus having recovered its previous losses. The focus remains on whether the FED will increase rates before the end of 2016.

The U.S. economy introduces fewer jobs

The economy in the U.S. failed to meet the estimations for a rise of 180,000 jobs as it has added only 150,000 jobs for the month of August, the Labor Department reported.

The rate of unemployment was stable at 4.9% and was different than the estimations for 4.8%.

The average hourly earnings were below the estimations for a 0.2% rise, having climbed 0.1% in August. The U.S. dollar index reached the 95.18 zone.

Furthermore, the USD/JPY pair approached the 103.91 zone, spiking approximately 0.7%, while being 2.1% higher for the week.

The EUR/USD settled at 1.1155, slipping 0.4%. The sterling traded at 1.3295 and was 0.2% higher against the U.S. dollar.

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Monday, 05 Sep, 2016 / 10:15

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-stronger-against-its-counterparts

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