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Dollar doesn't fully profit from strong US payrolls report

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Friday, currency markets looked for a new equilibrium after yesterday’s post-ECB repositioning, which pushed the euro sharply up in a short squeeze and hit the dollar. The dollar tried to regain some ground, but the move had no strong legs. The US payrolls were slightly better than expected and oil prices were under pressure on the OPEC’s decision to raise the output ceiling. However, it didn’t immediately help the dollar much. Following yesterday KO, investors were not yet in the mood to

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