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Greenback Fails to Appreciate Despite Superb Labor Market Data

02 November 2018 Peter Bukov

The US dollar was trading lower against most of the major peers during the US session on Friday and the dollar index was down 0.1%, hovering near 96.25.

Earlier in the session, the US Department of Labor announced that the US economy created 250,000 new jobs in October, way above the expected 190,000 and more than double the 118,000 in September. The unemployment rate remained unchanged and stayed at 3.7%.

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Market focus

  • Germany's trade surplus rose slightly in October
  • Swiss unemployment rate remained unchanged in November
  • China says hopes it can reach trade agreement with U.S. as soon as possible
  • Eurozone investor confidence rose sharply in December - Sentix

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