020 7898 0500A good end to the week for the dollar, with the US economy creating more jobs (222,000) than forecast (179,000) and in addition to this, figures for the month of April and May were revised upwards by 47,000.
This led to the dollar rising to a two-month high against the Japanese Yen, its largest weekly gain since April. A stark contrast to the previous week, as the currency recorded its worst quarterly performance in seven years.
With strong employment figures, interest rate futures reveal continued bets towards a rate hike in December.
Looking to the week ahead, monetary policy takes centre stage yet again. Markets will be looking for any indication of changes in monetary policy, after the FOMC meeting minutes released last week didn’t provide any meaningful hints.
We’ll also be hearing, US retail sales, which are expected to improve, and CPI inflation data, which is expected to fall below 2% in June.
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