The positive data helps the Dollar

Posted Wednesday, May 4, 2016 by
Skerdian Meta • 1 min read

The miss in the US employment data today gave the US Dollar a short-lived kick. But the remaining data which was released about an hour later was all positive. The trade deficit for April was about $5 billion lower than expected, the services, non-manufacturing PMI and the factory orders all jumped up. But the most important piece of data was the q/q labour costs which came out at 4.1% against 2.9% expected. That helped the USD which is feeling well bid right now. Is this going to turn the things around for the USD?

 USD/JPY is nearly 200 pips up from the yesterday´s low 

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