Investors lost their minds for a moment at the end of last week when the US dollar currency movement was shocked by the drastic drop in value.
This was due to the reading of the US NFP employment data report published in the New York session, Friday.
Examining the report, job growth in July was weak with a record of 73,000 compared to the forecast of 106,000. The reading for the previous month was also revised down to only 14,000 compared to the original figure published of 147,000.
The unemployment rate also met the forecast to increase to 4.2% from 4.1% previously.
Therefore, expectations for an interest rate cut by the Federal Reserve (Fed) in September have risen again with a percentage reaching 90%.
The significant depreciation of the US dollar after the report was published halved the gains that had been achieved since the beginning of last week and investors are wary of the risk of dismal performance that will continue this week.
The report, which showed a decline in the US labor market, also caused frustration for President Donald Trump, who reportedly fired the Bureau of Labor Statistics's Erika McEntarfer on the same day.
Without solid evidence, Trump claimed that the figures in the report were manipulated for political purposes and announced that he would replace the position with someone more qualified.
The sudden resignation of Fed Governor Adriana Kugler was also reported, a premature resignation before her term ended.
