If jobs don't impact the US dollar, what does?

Economic data that previously moved the US dollar is unlikely to have a positive impact until the Fed signals a change in interest rate outlook -- and policymakers will be in no hurry to talk the greenback up.

Over the last month the markets have barely batted an eyelid in response to what are usually considered to be market moving US economic data. Reaction to Friday’s US employment report is a case in point. The non-farm sector far exceeded expectations adding 288,000 jobs for the month, the most since June 2010 and the second biggest monthly gain in around 10 years. In addition the headline unemployment rate reached 6.3 per cent for the first time since October 2008.

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