Money Market New York: Dollar slightly appreciated Get strong employment numbers

The US dollar slightly appreciated against major currencies. In trading at the New York exchange market last night (1 Feb), responding to the strong US employment figures revealed. And the expansion of the US manufacturing PMI for the fourth consecutive month in Jan.
However, the dollar is not much stronger. Because the hourly wage numbers have risen below expectations
The dollar index, which is a measure of the movement of the dollar against six major currencies in the basket, rose 0.06% to 95.62.

The pound weakened 0.22% against the US dollar at 1.3082 US dollars. The Australian dollar depreciated by 0.34% to 0.725 US dollars.
The yen appreciated 0.59% at 109.51 yen and the euro appreciated 0.09% to 1.1459 dollars.

The dollar has been a support factor. After the US Department of Labor reported that Non-farm payrolls rose more than expected in January. With an increase of 304,000 positions, higher than analysts predicted at 170,000 positions

However, the average hourly wage of workers increased by 3 cents or 0.1% in January, which was lower than expected at 0.3% after rising 0.4% in December and year-on-year. The average hourly wage of workers is stable at 3.2% in January.
The hourly wage numbers are the data that the Federal Reserve (Fed) gives priority to finding signs of inflation.
In addition, the market has also received positive factors from the bright US manufacturing sector.

IHS Smart, a financial information services company, said the purchasing managers index (PMI) for the US manufacturing sector. Rose to 54.9 in January, the highest level in 4 months from 53.8 in December.

The rise in the PMI index was supported by an increase in new orders. And employment While the confidence of the business sector touched the highest level in 3 months