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On Monday, the US currency gained versus a basket of the other key currencies after data disclosing that American job surge cooled in December didn’t manage to change hopes for further Fed rate lifts this year.
Assessing the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index tacked on 0.25% reaching 91.98, adding from its January 2 dip of 91.47 that was the lowest reading since September 20.
In December, the American economy generated up to 148,000 jobs, according to the Labor Department, which is below the 190,000 estimate by financial experts.
The US currency briefly dived to the day’s minimums following the report before regaining ground.
Higher interest rates tend to drive the US currency by simply making it more attractive to yield-seeking traders.
The greenback started 2018 on the back foot after the US dollar index sank 9.8% last year, which is its biggest annual percentage drop since 2003.
The greenback rose versus the Japanese yen, with USD/JPY adding 0.25% reaching 113.33.
The common currency declined, with EUR/USD losing 0.25% hitting 1.1999.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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