8 News Items Impacting the US Dollar This Week

Traders will be watching the US Dollar this week after the news released on Friday around jobs data. Total non farm employment rose 252K and the unemployment rate dropped to 5.6% – both of these beating market expectations. These positive numbers were slightly offset by disappointing hourly wage numbers which demonstrate low wage growth.

So, it was a mixed bag for the dollar at the end of last week and there are a number of risk events for the Greenback which are worth being aware of going into the week:

And finally, its worth taking a quick look at the US Dollar index futures chart, we are at an interesting historic level in terms of previous supply on the dollar.

USD Index at an interesting historic level

USD Index at an interesting historic level

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s