US Dollar Index reacted initially by falling as NFP figures result below expectation

November 6, 2017

Dollar index went up due to US non-farm payrolls report results.

US Dollar Index reacted initially by falling as NFP figures result below expectation

The NFP figures were announced on Friday. The statistics showed that a total of 261,000 new jobs were created in October.

The statistics was below the expected the figure of 312,000 new jobs.

However, a correction to September’s figures was also released which showed that there were 18,000 new jobs created in that month, rather than 33,000 jobs lost. The unemployment rate showed a reduction from October’s 4.2% to 4.1%

The dollar index reacted initially by falling back by 0.58%, before finished up by 0.24% by the end of the day.

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