Dollar on the rise on the back of the overall bullish US jobs report on Friday


On Friday traders were focused on the release of the Non-Farm Payrolls report from the US as it’s not only the most market-moving event of the FX universe but it’s also very critical to Fed’s intention to hike or not rates this month. The initial printing of the number of jobs added in the US economy was a miss, a surprise to the downside that caught investors off guard and the first reaction was to drop the Dollar when the headline number read 173k vs. 217k expected. However as investors read through the full report and the rest of the employment-related components they realized that there are actually more positive signs here rather than negative: the unemployment rate dropped again and the wage growth rate also picked up, both above expectations. So given the recent string
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