US Dollar Index Struggles to Keep 93.00 Post NFP

The US dollar index, which measures the greenback’s against a group of major currencies, remains on the buying bias unchanged around 93.00 on Friday, and the index retreated from its daily gains to 93.30 and drops to test the 93.00 area as it lacked momentum after the US NFP report.

The US dollar had advanced to 93.25 / 30 after the NFP showed that nearly 1.8 million jobs were added over the past month and the unemployment rate fell to 10.2% from 11.1, both figures above expectations.

Additional data saw average hourly earnings expand 0.2% month-on-month and 4.8% year-on-year.