The US dollar rose slightly after the positive employment data, as the dollar index rose from its daily low to reach 94.34 levels since May 30th, but quickly pulled back again to 94.13 levels.
The US economy added 223,000 jobs in May, better than the forecast of only 188,000 jobs, while April's reading was revised to 159,000 from 164,000 jobs. Also, the unemployment rate fell to 3.8%. The monthly wage rate was 0.3% better than expected and rose by 2.7% on yearly basis.
The calmness of the political situation in Italy, with the revitalization of the coalition government, helped the euro maintain its strength against the greenback to settle below the 1.17 level at 1.1645 support level. The euro is headed to break six consecutive weeks of losses.
