Greenback is still backed ahead of American jobs data

Greenback is still backed ahead of American jobs data

On Friday, the evergreen buck was still higher versus other key currencies, as market participants were eyeing the publication of highly-anticipated American employment data due later in the day.

The US currency was pressured after the publication of quite mixed American economic reports on Thursday.

On Thursday, payrolls processor ADP informed that in December American private employers generated up to 250,000 jobs, which is above experts’ expectations.

According to a separate report, the previous week American jobless claims soared by 3,000 to 250,000, thus disappointing hopes for a 6,000 dip.

The common currency and the British pound headed south, with EUR/USD sinking 0.12% to 1.2052 and with GBP/USD diving 0.08% trading at 1.3536.

As for the Japanese yen and the Swiss franc, they kept tumbling with USD/JPY gaining 0.39% to 113.18 and with USD/CHF earning 0.31% being worth 0.9769.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

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Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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