FOREX MAKETING / FOREX TRADING / FOREX ANALYSIS

The U.S. currency was subjected to pressure in different directions after the publication of data on the labor market, which caused mixed feelings among the market participants. Initially, attention was focused on the stronger than expected rise in unemployment: in August it reached 9.7%, while the average forecast of economists was only 9.5%. Investors began to buy the dollar, but its growth was short-lived and quickly gave way to fall, given that the market paid attention to the number of jobs, which in August decreased by only 216 000, although that was slightly less than the expected 230 000 and accompanied by a negative review process the previous couple of months, was evidence of a tendency to reduce the rate of decline in employment in the United States. For some time the dollar was unable to determine the direction of becoming a victim of the elimination of short-term speculative positions open in anticipation of the report, but so far bullish sentiment against him prevailed, and the euro / dollar is now holding around $ 1.4241. Dollar / Canada, meanwhile, managed to break through to C $ 1.1882, but so far the bulls recaptured losses and a pair traded at around C $ 1.0934.