The US dollar slipped to its lowest since the election of Donald Trump last November after a miss in the country’s job creation numbers in May.
At publication time, the dollar index was down 0.52 per cent against a basket of its major trading peers at 96.720 – the weakest since president Trump’s election.
The dollar was holding steady before the payrolls report which showed the US economy added 138,000 jobs last month (forecast: 185,000). Still May’s growth was enough to push the US’s overall unemployment rate from 4.4 per cent to 4.3 per cent – the lowest since 2001.
PG View: And gold is setting new 5-week highs.