Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
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.
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