Online Forex broker
On Friday, the evergreen buck soared versus other key currencies, reviving from the previous session’s losses because traders wait for the highly-anticipated American employment report due later in the day for further clues on the strength of the US job market.
The greenback went down after on Thursday payrolls processor ADP reported that American private employers generated up to 158,000 jobs in June, which is below economists' expectations.
According to a separate report, the previous week initial jobless claims suddenly grew by 4,000 to 248,000.
The data emerged after Wednesday’s minutes of the Fed’s June gathering demonstrated a lack of consensus among Fed policymakers as for the outlook for inflation and how it could affect the future pace of interest rate lifts.
At its June meeting the Fed lifted rates and hinted at one more rate lift in 2017 and also three next year, although the subdued inflation outlook has since driven doubts over whether the major US bank will be able to keep to its tightening path or not.
The currency pair EUR/USD dipped 0.09%, hitting 1.1413.
The currency pair USD/JPY jumped 0.46%, trading at 113.74, which is the highest outcome since May 16.
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted
Manager will call your number
Next callback request for this phone number
will be available in {time}
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
