The US dollar received support
- The number of jobs created in the US unexpectedly surpassed market expectations in January and amounted to 200K, against the forecast of 180K.
- At the same time, the unemployment rate and the average hourly wage remained unchanged. As a result, the US dollar appreciably strengthened across the entire spectrum of the market.
The rising dynamics of the US currency remains very limited, which is caused by the persistence of negative expectations about the American. Therefore, the upward dynamics of the US dollar is largely limited to the correctional range of movement. The restrained growth of the American is also indicated by a very calm reaction to data on employment in the US of world stock indices.
Graph of the US dollar index. Current price – 88.90
Hanzenko Anton
