Currency Note US Dollar

US employment data disappoints

By Smart Currency September 9th, 2013

The US dollar had a fairly strong start to Friday before weakening off after the highly influential non-farm payrolls figures fell short of market estimates. The jobs number for August came out at 168,000 when 190,000 had been anticipated, furthermore, July’s figures were substantially lowered from  an original reading of 162,000 to 104,000. July’s figure was the lowest increase since June 2012 and subsequently put doubts in investors minds as to when the Federal Reserve would commence tapering its quantitative easing program. It is a quiet start to the week on the data front for the US, but Thursday and Friday will bring a number of key releases. These include the weekly unemployment clams figures, retail sales data, consumer sentiment statistics and  inflation data. Call in now for the latest update on the US dollar.