US employment data boosts Dollar

andres del risco

This afternoon's non-farm payroll data is not the news you were looking for if you need to send money to the USA - the jobless total has fallen more than expected, as the US economy added more jobs in July than analysts had estimated.

The US Dollar has been volatile since the announcement, dropping below 1.67 [interbank rate] briefly but then rallying as the Pound has found some strength across the board.

Those of you holding out for trading rates above 1.70 might like to reassess their targets following the main monthly employment news of the month from America.

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US employment data boosts Dollar

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