Nonfarm payroll US

Dollar Slows Down After U.S. Jobs Miss

Dollar Slows Down After U.S. Jobs Miss

The U.S. dollar was mixed Friday. The GBP deserves a special mention as positive Brexit rumors pushed it 0.61 percent higher against the USD. The American currency lost momentum as the U.S. non farm payrolls (NFP) headline jobs number disappointed with a 130,000 added positions, instead of the forecasted 188,000.

Strong Dollar Awaits Jobs Report to Validate Further Fed Hikes

Strong Dollar Awaits Jobs Report to Validate Further Fed Hikes

The Fed delivered its anticipated third rate hike of 2018 and the final GDP for the second quarter was 4.2 percent. The main event in the next week will be the release of the biggest economic indicator on Friday, October 5 when the U.S. nonfarm payrolls is published. Here’s what you need to know.

Week Ahead: Trade Tensions and Strong U.S. Employment Lift Dollar

Week Ahead: Trade Tensions and Strong U.S. Employment Lift Dollar

The U.S. dollar rose on Friday against all major pairs after a strong U.S. nonfarm payrolls report was published.

The U.S. added 201,000 jobs, but more importantly hourly wages beat expectations in August coming in at 0.4 percent. The market has priced in a rate hike by the Fed when Federal Open Market Committee members meet on September 25–26.