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Disappointing Non-Farm Payrolls Sends USD Tumbling

Ramon Ramirez
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Ramon Ramirez Newbie

Ramon Ramirez

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The USD tumbled vs. its main currency rivals on Friday, following the release of a worse than expected Non-Farm Payrolls figure which showed that the US only added 69K jobs in May. Analysts had been forecasting the figure to come in around 150K. Turning to this week, traders will want to monitor any US news, including Tuesday's ISM Non-Manufacturing PMI and Friday's Trade Balance figure. Any worse than expected data may lead to fears that the Fed will initiate a new round of quantitative easing, which could result in the dollar extending its recent losses.

(Source:forexyard)

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