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U.S. dollar weakens on employment data

Weekly synopsis

The U.S. dollar dropped versus its counterparts on Friday, amid the disappointing employment data in the U.S. for the month of September, and the aggressive declination, ''flash-crash'', of the sterling.

The economy in the U.S. introduces 156,000 jobs

The economy in the U.S. introduced 156,000 jobs, below August's 167,000 gain, with the unemployment rate ticking up to 5.0%, as per the Labor Department last week.

The analysts and the economists estimated the jobless rate to reach the rate of 4.9% and the new jobs to approach the number of 176,000. The U.S. dollar index traded 0.1% lower at 96.65.

Following the sterling's initial crash, the GBP/USD approached the 1.2436 zone, having performed a drop of 1.5%.

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Monday, 10 Oct, 2016 / 8:34

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-weakens-on-employment-data

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