- Analytics
- News and Tools
- Market News
- US Dollar Index moves to new 2021 highs near 94.60 post-Payrolls
US Dollar Index moves to new 2021 highs near 94.60 post-Payrolls
- The index advances further and records fresh YTD peaks.
- US Non-farm Payrolls rose by 531K jobs in October.
- The unemployment rate ticked lower to 4.6%.
The buying interest around the greenback accelerated in the wake of the publication of the October Nonfarm Payrolls, lifting the US Dollar Index (DXY) to new highs near 94.60 on Friday.
US Dollar Index in fresh tops near 94.60
The index keeps the constructive stance on Friday after the US economy created 531K jobs during October, surpassing expectations for a gain of 450K jobs. In addition, the September reading was revised to 312K jobs (from 194K).
Further data showed the jobless rate eased to 4.6% and the critical Average Hourly Earnings – a proxy for inflation via wages – rose 0.4% MoM and expanded 4.9% over the last twelve months. Another key gauge, the Participation Rate, stayed put at 61.6%.
US Dollar Index relevant levels
Now, the index is gaining 0.29% at 94.60 and a break above 94.74 (monthly high Sep.24 2020) would expose 95.00 (round level). On the flip side, the next down barrier emerges at 93.42 (55-day SMA) followed by 93.27 (monthly low October 28) and finally 92.98 (weekly low Sep.23).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
