The dollar fell back on Friday, after the publication of the best than expected American employment figures, analysts expecting a degradation for the future due to the new American customs duties. Around 6:45 p.m. GMT, the greenback released 0.05% against the euro, to 1.1296 dollars, and abandoned 0.24% in the yen, at 145.06 yen.
The unemployment rate remained stable last month in the world’s first world economy, at 4.2%, according to the report of the Ministry of Labor published on Friday. The United States has created 177,000 jobs over the period, less than a month earlier (185,000, a decreased figure), but more than what was envisaged by the markets (around 133,000, according to the consensus published by Marketwatch). The unemployment rate remained stable in April in the United States, 4.2%, as expected.
These are the first official data on employment covering the period following the spectacular announcement of President Donald Trump of a mountain of new taxes on products imported into the United States. “It is therefore possible that more impacts were felt during the second half of the last month than what is reflected in this survey”Subject analysts from Monex USA.
-“Increasing loss of confidence”
Decreasing at the opening, the greenback accelerated its losses in the hours following this publication, before resuming a bit of its breath. For Kathleen Brooks, from XTB, these variations are explained by “Profits”because the «buck»another nickname of the American motto, has come back “Too high and too fast this week”.
Between the fence of the session on Monday, and the opening of that of Friday, the dollar increased by 1.15% against the euro, and by 2.38% compared to the Japanese Yen. “This week’s earnings are not likely to be maintained”judge Brown Brothers Harriman analysts due to a “Increasing loss of confidence in American political decision -makers as well as the negative impact of pricing uncertainty on the American economy”.
In addition, the American motto has benefited this week from the hope of appeasement of trade tensions between Beijing and Washington. China announced on Friday “assess” A proposal for negotiations from Washington. President Donald Trump assured him that there was “Chances” that the two countries reach an agreement.
