The US dollar received support. NFP data

The US dollar strengthens its position across the entire spectrum of the market amid a significant increase in the created jobs in the United States.

• According to the published data the change in the number of employed in the non-agricultural sector in January amounted to 200 thousand, which is higher than the previous value of 160.0 thousand.
• The change in the number of employed in the private non-agricultural sector in January was 196 thousand, exceeding the December value of 166 thousand.
• The unemployment rate remains at 4.1%, which is slightly higher than the forecast of analysts at 4.0%.
• The average hourly wage rose by 0.3% in January, against the forecast of 0.0%. On annualized basis, wage growth was 2.9%, exceeding the previous value of 2.5%.

Based on this statistics, the US dollar index rose sharply, thereby playing back almost all the losses on February 1.

Fig. Graph of the US dollar index. The current price of DXY is 88.92.

Alexander Sivtsov