FXStreet The US Dollar Index slipped with the publication of the US labour market report. He fell from 97,20 on 96,58 and marked a new Seven-month Low. During the American business, the Greenback was able to recover. The Index is on the way to the lowest closing price since October.
The job growth in the US is down in September, much lower than analysts had expected. The number of jobs outside of agriculture increased in the past month to a population of 135,000. Analysts had expected an increase of 185,000. In addition, the increase in employment for April was revised to 174.000 Put down. In addition, the hourly wages remained unchanged at 2.5 percent. The unemployment rate fell surprisingly to 4.3 percent.
The data set had not really affect the expectations of interest rate hikes. The CME Group FedWatch Tool, writes of a rate hike at the next meeting of the Central Bank to the middle of the month, currently with a probability of 88 percent.
On the bond market, the yield on a 10-collapsed-year US government bonds to 2,145 percent, a new low for the year. The rally in the Treasuries caused a falling price quotations for the US Dollar.
Important Course Brands
Today’s decline led to a rupture of the been two weeks since established support at 96,80. A consolidation below could open the door for further losses. The next price targets are now at 96,25 (September high), 96,00 and 95,80/85. A jump back above the psychologically important mark of 97,00 would brighten up the chart image, but the overall Trend is still downward.
** FXStreet News Editorial, FXStreet**