Dollar Weighed Down by Weakness in US Payrolls
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
0mins
Source: NASDAQ.COM
Dollar Index and Employment Data: The dollar index fell to a one-week low due to weaker-than-expected US nonfarm payrolls and dovish comments from New York Fed President Williams, although it recovered slightly after better-than-expected average hourly earnings were reported.
Eurozone Economic Performance: The euro weakened as Eurozone GDP was revised lower and industrial production in Germany and France fell more than anticipated, while the yen strengthened against the dollar amid safe-haven demand following a drop in the Nikkei Stock Index.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
