The US dollar is stable. The employment data is ignored

The US dollar remains stable against the basket of currencies after the publication of positive data on employment in the United States.

• According to APD, the change in the number of people employed in the non-agricultural sector in December significantly exceeded analysts’ expectations and amounted to 250 thousand, against the forecast of 188 thousand.

Perhaps this market reaction is due to the fact that market participants are already focused on non-pharmaceuticals, which will be published tomorrow. This situation may be due to the fact that at the next meeting of the Fed, January 31, the raise of the interest rate is not expected, and by March meeting there will be published more recent data on the labor market.

Based on this refinement of employment indicators, the US dollar index remains near the session low at 91.59.

Graph of the US dollar index. The current price of DXY is 91.67.

Alexander Sivtsov