Market Analysis

The dollar bounces back following higher employment numbers

FOREX

The US dollar appears to have regained the front foot during early Monday trading, following the publication of robust employment numbers on Friday, which surprised to the upside. Additional support for the greenback came from the revision to the jobs data for November and December that added an additional 700,000 jobs to the tally. The somewhat surprising vitality of the labour market in the US, against a backdrop of inflation reaching multi-decades’ highs, has reawakened dollar bulls after last week’s losses of almost 2% for the dollar index.

Source: ActivTrader

 

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