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USD Retreats Awaiting NFP Boost

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Soft US Data Pushed Back Fed Next Rate Hike Pummelling the Dollar The USD has depreciated against major pairs all week. American economic data has been weaker than anticipated with both purchasing manager indices (PMI) manufacturing and non-manufacturing coming in under expectations. The lone bright spot this week was the ADP private payroll report with a gain of 205,000 jobs beating a forecast of 195,000. Unemployment claims rose 8,000 putting some strain on the resilience of the jobs

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