On Monday, the evergreen buck dived versus a currency basket right after the fresh American jobs report disclosed that while jobs surge remained firm, spurring risk appetite, wage surge speeded down, thus taming hopes for a faster tempo of rate lifts in 2018.
The US dollar index, gauging the American currency’s strength versus a group of six major rivals, hit 89.94, heading south 0.18% for the day.
On Friday, the Labor Department reported that the American economy generated 313,000 jobs in February, although average hourly earnings tacked on by 0.1% last month.
The firm jobs surge spurred global risk appetite, and the slowdown in wage surge dampened hopes for four rate lifts by the Fed in 2018, which is negative for the evergreen buck that tends to be more attractive to yield-seeking market participants when borrowing costs go up.
The common currency inched up, with EUR/USD soaring 0.18% being worth 1.2329.
Leaps in the common currency were held in check right after European Central Bank Governor Mario Draghi dared to downplay a move to cease the easing bias from the previous week’s rate statement and also issued a warning that growing protectionism threatened the outlook for surge in the euro zone.
The British pound also gained ground versus the US currency, with USD/GBP adding 0.17% being worth 1.3877.
Versus the Japanese yen, the evergreen buck declined, with USD/JPY sliding 0.24% hitting 106.54.
Demand for Japan’s currency was spurred amid worried over a soaring cronyism scandal closely connected with the Japanese prime minister as well as his wife involving the sale of public land.
The safe haven yen is prone to going up in times of market instability.
Additionally, the risk sensitive Australian as well as New Zealand dollars grew too, with AUD/USD soaring 0.19% reaching 0.7862 and NZD/USD rallying 0.43% being worth 0.7310.
On Friday, the evergreen buck rallied to a 10-day maximum after American consumer prices data disclosed a build-up of inflation pressure, which would enable the Federal Reserve to have rates lifted up to four times in 2018…
On Thursday, the US currency was generally intact versus its counterparts…
On Wednesday, the evergreen buck soared versus a currency basket, although revenues were capped after the American government told it would place duties on an extra $200 billion worth of China’s products, thus driving a trade conflict between China and…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
