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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 Thursday, the major US currency kept bargaining near a 13-month maximum because the political downtime in Turkey receded, while worries as for China's economic health kept backing safe-haven assets…
On Wednesday, the evergreen buck rose to its highest value for over a year because a crisis in the Turkish lira, which affected emerging markets, drove demand for the US dollar as a safe-haven asset…
On Tuesday, the common currency kept to a one-year minimum versus the evergreen buck and the Swiss franc…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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