Dollar punished by disappointing jobs report; Oil jumps on OPEC deal

Appetite for the Dollar diminished on Friday after November’s disappointing US jobs report reinforced expectations over the Fed taking a pause on rate hikes next year.

The United States added another 155,000 jobs last month which was below the 189,00 forecasts while October figures were revised lower to 237,000 from the first estimate of 250,000. With wage growth also falling short of market expectations by rising only 0.2% m/m vs the 0,3% forecast, the Dollar has found itself back in the firing line of bearish investors. Today’s uninspiring report certainly addresses recent concerns over… Read More

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