tldrdailynews.com logo

"US Dollar Surges and Gold Slumps as Yields Jump on Blowout Jobs Report"

1 min read
Source: DailyFX
"US Dollar Surges and Gold Slumps as Yields Jump on Blowout Jobs Report"
Photo: DailyFX
TL;DR

The US dollar rallied and gold slumped after the US Non-Farm Payrolls (NFP) report exceeded expectations, with 353k new jobs created in January and the unemployment rate holding steady at 3.7%. The dollar index jumped after the release, leading to a decrease in US rate cut expectations, while gold's recent gains were quickly reversed, with the metal currently trading at $2,033/oz.

Topics:businessfinance#finance#gold#jobs-report#nfp#us-dollar#us-economy
Share this article
  1. US Dollar Jumps After NFPs Smash Estimates, Gold Slumps  DailyFX
  2. NFP Preview: Why the US Dollar Could Be More Volatile Than Usual  FOREX.com US
  3. Yields, dollar jump on blowout US jobs report, stocks edge up  Reuters.com
  4. ForexLive European FX news wrap: Markets wait on the US jobs report  ForexLive
  5. Yields, dollar jump on blowout US jobs report, stocks edge up By Reuters  Investing.com

Want the full story? Read the original reporting

Read on DailyFX