Non farm payrolls weaken USD

28 July, 2011


Figures out this afternoon have shown a suprise drop in new jobs created in the USA, with the monthly “non-farm payroll” figure showing only 18,000 jobs created in June, compared to expectations of 90,000.

The figure is notorious for causing volatility in US Dollar rates, and the weak figures have reduced the cost of sending money to the USA with exchange rates up around a cent against sterling.