FXStreet (Córdoba) - Despite outstanding nonfarm payrolls figures, the UBS noted the USD has not strengthen much as regardless data the Fed continues to signal no intention to tighten monetary policy.



Key Quotes



“Strong US data is a necessary, but not a sufficient condition for the USD to strengthen”.



“The final US PMI for June jumped to 61, the unemployment rate dropped to 6.1%, non-farm payrolls soared to 288'000 newly employed and the USD did not do a lot and bond yields hardly moved”.



“Some complained, that there were more part-time employees and less full-time employees. Whatever, the data is strong and the main problem for the currency is that the Fed signals no intention to tighten monetary policy”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Would Central Banks Step in If Stocks Tumble, Could They Stop It?

  2. Forex News

    EUR/USD: Greek speculations dictating the major - FXStreet

  3. Forex News

    EUR/USD Slammed and Jammed to Complete Range Month

  4. Forex News

    EUR/USD: bearish outlook, even despite Greece - BBH

  5. Forex News

    Grexit to set a precedent – DB

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!