View full page at forexfactory.com

 

Dollar bounce from 2018 low continues after U.S. jobs report

From reuters.com

The dollar turned higher against a basket of major currencies on Friday after a dismal December U.S. payrolls raised expectations for further stimulus measures to prop up an economy battered by the coronavirus and its related government lockdown measures. The Labor Department said nonfarm payrolls decreased by 140,000 in December, the first decline in eight months, well below expectations that called for a still-weak increase of 71,000 jobs. The unemployment rate was 6.7%. Economic data during the week leading up to Friday’s report indicated a stalling labor market. The greenback had been climbing from a nearly ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis