Dollar bulls were hesitant to take the driver’s seat on Friday, despite US Non-Farm payrolls exceeding market expectations by rising 196k in March.

With payrolls rebounding in March and unemployment holding steady at 3.8% - a near 49 year low, fears over the US economy are likely to ease. However, markets were clearly more concerned with wage growth which disappointed by slowing 0.1% mom, below expectations of 0.3%. Sluggish wage growth suggests that inflation is likely to remain muted which will inevitably fuel speculation over the Federal Reserve cutting interest rates in the distant future.

Taking a look at the technical picture, the Dollar Index dipped following the US jobs report. With the data seen as a mixed bag, the DXY is likely to swing back and forth into the weekend. If bulls do end up making a late apperance, the Dollar Index has the potential to challenge 97.50.

Exención de responsabilidad: El contenido de este artículo incluye opiniones personales, y no debe ser interpretado como asesoramiento sobre inversión personal y/o de otro tipo y/o una oferta y/o solicitud de ninguna transacción con instrumentos financieros y/o garantías y/o pronóstico de rendimiento futuro. ForexTime (FXTM), sus afiliados, agentes, directores, responsables y empleados no garantizan la precisión, validez, puntualidad o compleción de ninguna información o dato disponible, y no asume ninguna responsabilidad por cualquier pérdida que resulte de cualquier inversión realizada en base a ellos.