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USD Falls for Sixth Consecutive Week as NFP Data Disappoints

Février, 06 2017
watermark Economic news

The US dollar fell for the sixth consecutive week and has recorded its lowest drop since July 2016 after the NFP report disappointed a lot of market players as the supposed effects of a highly positive hiring data was offset by the lack of wage-induced pressures. This was also further propelled by various uncertainties surrounding Trump’s policies regarding the USD, as well as his newly-imposed sanctions on Iran. The results of the NFP report were also not enough to compensate for the uncertainties brought about by the Fed’s refusal to give out hints on its next steps regarding the impending interest rate hike.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.