US Session – Dollar pulls back after jobs-induced rally
Posted on July 8, 2013 at 7:53 pm GMTRisk appetite prevailed in the U.S. trading session on Monday, as the strong U.S. jobs data from Friday gave optimism to investors that the world’s largest economy is seeing improving growth prospects. More jobs were created in the U.S. than forecast, with 195,000 new positions added according to the nonfarm payrolls report, beating expectations for a 165,000 increase. The dollar rallied sharply after the data and investors took the opportunity to book profits on Monday, leading the USDJPY to retrace [..]