After rallying on Friday due to positive Non-Farm Payrolls, the dollar has slipped slightly this morning. US yields are down after gaining strongly at the end of last week.
Non-Farm Payrolls data for June was better than expected, sparking a rally in the dollar and adding to the pound’s losses. The figure increased by 224,000 in June 2019, following a downwardly revised 72 thousand rise in May and beating market expectations of 160,000.
This positive data suggests that the Federal Reserve will not make an aggressive cut to interest rates later this month.
