The data released by the United States is mixed The US dollar fell back quickly after surging

The data released by the United States is mixed

The US dollar fell back quickly after surging

Due to the mixed data released by the United States on the same day, the US dollar fell against the pound and Swiss franc on the 5th, while the US dollar rose against the euro, yen, Canadian dollar, and Swedish krone. The US dollar index rose overnight in the market, quickly rising in the morning, then fluctuating and falling, gradually narrowing the decline. In the end of the day, the US dollar index slightly declined. The US dollar index, which measures the US dollar against six major currencies, fell 0.01% in the day and closed at 102.411 at the end of the foreign exchange market.

The data released by the US Department of Labor on the morning of the 5th showed that the US added 216,000 new non-farm jobs in December 2023, significantly higher than the market expectation of 164,000. The number of new non-farm jobs in November decreased from 199,000 to 173,000. The unemployment rate in the United States remained unchanged at 3.7% in December 2023, lower than the market expectation of 3.8%.

Adam Button, Chief Foreign Exchange Analyst at ForexLive, a financial website, said that the non farm payroll data released that day was clearly strong. The market has sensed the strength of this data in the past few days, which may be the reason why the market's response on that day was not so strong.