Dollar Rises vs. Euro on US Nonfarm Payrolls & Europe’s Retail Sales

The US dollar jumped against the euro today, erasing yesterday’s losses, after the reports showed that the US employers added last month more jobs than predicted, while the retail sails in the Eurozone unexpectedly declined in September, increasing concerns for Europe’s economy.
The retail sales in the Eurozone fell 0.2 percent in September, while the 0.3 percent increase was expected. The nonfarm payrolls increased by 151,000 in October, following the 41,000 decline in the previous month. The analysts expected growth by 63,000.
EUR/USD traded at about 1.4088 as of 12:30 GMT today after it opened at 1.4216 and dropped to 1.4034.

If you have any questions, comments or opinions regarding the US Dollar,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

− 4 = three