Strong Push By The Dollar Today

The Dollar made a strong push today against the other majors, after the release of this morning's NFP number. Although the number, at 193,000, was below expectations, it was above last month's revised 140,000. The unemployment rate, however, slipped to 4.7% from 4.9%, which put an overall positive spin on today's figures. The Dollar rallied strongly against the Euro, reaching the 1.1968 level, before easing back to 1.2019. The pullback may have been helped by a soft preliminary Michigan survey, which came in at 91.2.