US employment figures boost dollar

28 July, 2011


Today’s US ‘non-farm payroll’ figures – the main monthly measure of new jobs in the USA – came out better than expected at 216,000.

The American unemployment rate also dropped slightly to 8.8%.

As both of these measures boost confidence in the US economy, the Dollar has gained strength (become more expensive), with the market rate now back below $1.60 against sterling.