{"id":84869,"date":"2023-06-02T20:40:32","date_gmt":"2023-06-02T16:40:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84869"},"modified":"2023-06-03T03:30:06","modified_gmt":"2023-06-02T23:30:06","slug":"how-has-us-dollar-reacted-to-nfp-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/how-has-us-dollar-reacted-to-nfp-data\/06\/02\/market-updates\/","title":{"rendered":"How has US dollar reacted to NFP data?"},"content":{"rendered":"\n<p>The US Dollar rebounds on impressive US jobs report for May. The American currency managed to stage a modest rebound following Thursday&#8217;s selloff.<br><br>The US Dollar Index stays below 104.00 and looks to snap a three-week winning streak. It registers 103.982 at the time of writing. Impressive May jobs data from US helped US Dollar limit its weekly losses.<br><br>The dollar has managed to gather some strength against its major rivals in the early American session on Friday. The US Dollar Index, which tracks the USD&#8217;s valuation against a basket of six major currencies, clings to daily gains above 103.50 but remains on track to end the week in negative territory.<br><br>The monthly data published by the US Bureau of Labour Statistics showed on Friday that Nonfarm Payrolls rose 339,000 in May. This reading surpassed the market expectation of 190,000 by a wide margin. April&#8217;s reading of 253,000 also got revised higher to 294,000. With the immediate reaction, the USD found its footing but struggled to gather bullish momentum. <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar rebounds on impressive US jobs report for May. The American currency managed to stage a modest rebound following Thursday&#8217;s selloff.The US Dollar Index stays below 104.00 and looks to snap a three-week winning streak. It registers 103.982 at the time of writing. Impressive May jobs data from US helped US Dollar limit &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52207,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7822,7957,10361],"class_list":["post-84869","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-labour-market","tag-nfp-data","tag-us-doolar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=84869"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84869\/revisions"}],"predecessor-version":[{"id":84874,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84869\/revisions\/84874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52207"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=84869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}