The US dollar moved away from its monthly high on Friday after the publication of statistics on the Non-Farm Payrolls labor market. Yesterday, the quotes of the EUR/USD pair fell to the area of 1.0490, which was the lowest in the last four weeks. Today, the dollar dropped to the level of 1.0605. According to a report released on Friday by the Ministry of Labor, in December the number of jobs in the economy of the United States increased by 223 thousand, the lowest pace since December 2020. Experts on average expected even weaker growth – by 203 thousand. At the same time, unemployment in the United States in December fell to 3.5% from the revised November figure of 3.6%. Earlier it was reported that in November unemployment was 3.7%, and analysts predicted its retention at the same level. Analysts note that the latest report should in no way affect the future course of the Federal Reserve in relation to its monetary policy. Meanwhile, a report released on Thursday by the industry organization ADP showed an acceleration in the growth rate of the number of jobs in the US private sector. Their number in December increased by 235 thousand. Analysts on average predicted an increase in the number of jobs by 150 thousand. In November, the indicator increased by 127 thousand. Today, it is also worth paying attention to the December value of the index of business activity in the US services sector (ISM Non-Manufacturing), calculated by the Institute of Supply Management. Analysts expect the indicator to drop to 55 points from 56.5 points in November.
