The figures released today for the US labor market fall far short of expectations. The US dollar loses in the sequence in all peers.

Non-Farm payrolls almost 50% below forecasts

Today in the US published figures for changes in non-farm payrolls unexpectedly remain well below forecasts. Analysts had expected an increase of 245K, or 237K in private, but in fact were only 126K, or 129K reported. The figures for the previous month were corrected by about 30K down. With today's numbers, the negative trend of the US economy over the past week continues.

Hope fades for an early rate hike by Fed

After the data of the US economy almost entirely live up to expectations remained in this week, speculations of an early rate hike by the Fed are fading. The Fed Chair Janet Yellen had this made dependent on a solid positive development in the US economy last Friday. But currently there are many indications of a cooling phase. The US dollar has clearly loss of his strength after the almost all negative news, and lost today in almost all pairings. The euro, however, can significantly benefit from the weak phase of the US dollar. In the Euro Zone Optimism is growing that the economy could recover soon visible with the help of bond-buying program, which began last month. The European single currency rose on today above the mark of 1.10 US-Dollar, for the first time since the beginning of March.

US dollar weaker in all currency pairs

The USD shows heavy losses of today in almost peers. The euro is currently 0.85 percent up against the USD at 1.0974, and reached 1.1027, its highest level since 5 March. The British pound is rising against the US dollar by 0.58 percent, at 1.4915 USD, and against the Japanese Yen, the dollar lost 0.57 percent, currently at 118.99 yen.

The euro, however, may increase again in most peers today. It rises against the GBP to currently 0.29 percent at 0.7361 GBP, and the Japanese yen by 0.24 percent at 130.60 yen.