US Dollar Fell After Mixed Data of NFP Report

Market Reviews

Mixed data on employment in the US did not support the dollar. The NFP report showed employment growth in the non-agricultural sector by 148 thousand in December, which is well below expectations of 189 thousand. The unemployment rate remained unchanged at 4.1%. The average hourly wage rose by 0.3% per month.

The Canadian dollar has strengthened. The labor market in Canada grew by 78.6 thousand in December. Unemployment fell to 5.7%. This is also the lowest level for more than four decades.

The consumer price index in the euro area slowed to 1.4% year-on-year in December, according to consensus. But the core consumer price index was unchanged at 0.9% yoy. Retail sales in Germany were high and rose by 2.3% in November.