020 7898 0500The most watched data release on the monthly calendar, US non-farm payrolls, caused the dollar to lose ground against a basket of currencies on Friday afternoon. A disappointing headline reading of 157,000 jobs created in July (from a forecast of 190k) overshadowed a minor fall in the unemployment rate to 3.9% (from 4%). Sterling closed slightly down against the dollar, having traded below $1.30 several times during the day whereas the euro regains some of Thursday’s losses against the dollar.
It’s a fairly quiet week for the US, although we will see initial jobless claims on Thursday and the inflation rate for July on Friday.
