In August, the US labor market displayed mixed signals, with employers adding 187,000 jobs, slightly outperforming the consensus estimate of 170,000. Still, data for July was revised downward to 157,000 from the initially reported 187,000. However, unique circumstances, such as a strike in the entertainment industry and trucking company Yellow's bankruptcy, impacted the job figures. Excluding these factors, payrolls were on pace for an approximate increase of 241,000.
Read moreThe Dollar Index is on pace for its 10th consecutive weekly gain as markets react to disappointing data out of the Eurozone and the UK and the BOJ's dovish hold in the overnight session.
The US Dollar is higher today and has touched its highest level since early March.
The Greenback is slightly lower today ahead of this afternoon's interest rate decision for the Fed.
After yesterday's 0.5% decline, its worst day since July 13, the US Dollar Index is rebounding this morning as markets react to this morning's batch of Eurozone and UK data, as well as some minor US reports.
The US Dollar is slightly lower on the day but still clinging to a six-month high thanks to an impressive nine-week winning streak, its best stretch since 2014.
Learn everything you need to know about wire transfers in this comprehensive guide. We answer your top 10 questions about wire transfers, including what they are, how they work, how much they cost, and how to send one.
In August, the US labour market displayed mixed signals, with employers adding 187,000 jobs, slightly outperforming the consensus estimate of 170,000.
An action-packed July concluded with the Federal Reserve (Fed), European Central Bank (ECB), and Bank of Japan (BoJ) each taking the stage for the final time until September, and each seemingly changed their tune on monetary policy to varying degrees - or at least that's how markets interpreted them.
Confused about expats vs immigrants? Learn the meanings and challenge assumptions in our comprehensive blog.
Discover the essential steps and expert tips on how to transfer money to buy property overseas. From currency exchange to international transfers, Moneycorp can help you navigate the process smoothly and secure your dream property abroad.
