Aug. 1: American Session
Tatiana Norkina, analyst at FBS
The US dollar index has dipped sharply after the publication of negative statistics on the labor market. The change in the number of people employed in the non-agricultural sector of US economy in July was only 209 thousand, instead of the expected 233 thousand. The index has fallen by 0.15%, to the 81.36 mark. Stock markets are also witnessing bearish sentiment: the major stock indexes has slid by almost 0.20%.
Currency markets have begun to move as well. Thus, the EUR/USD pair has grawn to 1.3430 after the morning consolidation above 1.3380. GBP/USD tested the 1.6810 figure, but then returned to the 1.6840 area. At the moment, the bears continue pressuring. The USD/CHF rate has tumbled to the 0.9050 area, while the USD/JPY currency pair is trading just below 102.70.