US Dollar Index extends recovery after NFP but still down for the week

US Dollar Index spikes to 102.29 and retreats to 102.00.
March US jobs report mostly in line with expectations.
Holiday likely to keep price action limited, normal activity to return on Tuesday.

Matías Salord FXStreet

The US Dollar Index (DXY) rose to 102.29 after the release of the US March jobs report and then pulled back toward 102.00, amid risk appetite. The numbers boosted US yields and equity futures on a tight volume session.

After NFP, attention turns to CPI

The US Labor Department's announced that Nonfarm Payrolls increased by 236K in March, against the market consensus of 240K. The Unemployment Rate fell from 3.6% to 3.5%, even as the Labor Participation Force rose. Average hourly earnings rose by 0.3% MoM, matching consensus.

The negative surprise that could be expected following the latest economic reports did not happen and could explain why the Dollar reacted to the upside. Now attention turns to next week's US Consumer Price Index data.

The DXY is rising on Friday, as it trades slightly above 102.00. Despite posting the third consecutive gain, it is still down for the week. It will be the fourth weekly slide in a row.

DXY levels

Dollar Index Spot

Overview
Today last price	102.09
Today Daily Change	0.18
Today Daily Change %	0.18
Today daily open	101.91

Trends
Daily SMA20	103
Daily SMA50	103.49
Daily SMA100	103.79
Daily SMA200	106.52

Levels
Previous Daily High	102.14
Previous Daily Low	101.76
Previous Weekly High	103.23
Previous Weekly Low	102.05
Previous Monthly High	105.89
Previous Monthly Low	101.92
Daily Fibonacci 38.2%	101.99
Daily Fibonacci 61.8%	101.9
Daily Pivot Point S1	101.73
Daily Pivot Point S2	101.55
Daily Pivot Point S3	101.35
Daily Pivot Point R1	102.12
Daily Pivot Point R2	102.32
Daily Pivot Point R3	102.5

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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