Nonfarm Payrolls — News Archive

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US Dollar Ends Week as Strongest Currency Despite Falling Employment

The US dollar ended the week as the strongest major currency as market participants considered an interest rate hike from the Federal Reserve in December almost guaranteed.

USD/CAD Rallies Briefly on Mixed Employment Data from Canada

The USD/CAD currency pair today rallied higher briefly after the release of mixed data from both the Canadian and USA dockets. The release of the Canadian labour force survey and the US nonfarm payrolls buffeted the currency pair causing it to rally, then quickly decline.

US Dollar Climbs Against Euro as Catalonian Crisis Escalates

The US dollar rose against the euro on Friday as domestic political troubles in Spain showed no sign of an end, which continued to weigh on the shared currency. However, the greenback lost some of its upward momentum today following the release of disappointing payroll data.

US Shrugs Off Impact of Disappointing Nonfarm Payrolls

The US dollar dipped after the released of worse-than-expected nonfarm payrolls but reversed its losses quickly, bouncing against the euro. The greenback also gained on some other most-traded rivals, though not all of them.

EUR/USD Rallies Higher Briefly on Disappointing NFP Report, Tumbles Later

The EUR/USD currency pair today rallied higher briefly after the release of disappointing US non-farm payroll data during the American session, but quickly retraced all its gains. The currency pair’s rapid tumble was triggered by a Bloomberg report indicating that the European Central Bank was advocating for prudent policies in the face of the strong euro.

Canadian Dollar Declines Against US Dollar on Positive NFP

The Canadian dollar today declined against its US counterpart after the release of positive US non-farm payrolls data and a better than expected US trade deficit. Statistics Canada also reported that the country added more jobs than expected, but Canada’s trade deficit was higher than expected resulting in a weaker loonie.

US Dollar Rallies Higher Against Peers on Positive Non-Farm Payrolls

The US dollar today rallied higher against its main peers such as the euro, the British pound and the Japanese yen as the non-farm payrolls report beat expectations. The US dollar rallied higher against its peers today building on the momentum established yesterday after the release of positive ADP national employment report.

US Dollar Weakens Against Some of Its Main Peers on Soft US Data

The US dollar as tracked by the US Dollar index weakened against its main peers today after the release of weak US macro data. The greenback ignored the poor non-farm payrolls released on Friday by starting the week on an upward trend before retracing some of its gains after the release of disappointing US ISM services data.

Canadian Dollar Rallies Against US Dollar on Poor NFP Data

The Canadian dollar today rallied against its US counterpart triggered by the disappointing US non-farm payroll data released by the Bureau of Labor Statistics. The positive Canadian labor productivity data and the trade deficit figures released by Statistics Canada boosted the Loonie against the greenback.

EUR/USD Rallies to New Highs on Disappointing NFP Report

The EUR/USD currency pair today rallied to new highs during the American session after the release of disappointing non-farm payroll data by the Bureau of Labor Statistics. The pair’s rally was also influenced by other labor market reports such as the change in manufacturing payrolls, and the weak average hourly earnings.

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