Greenback stands still ahead of American jobs data

Greenback stands still ahead of American jobs data

On Friday, the evergreen buck stood still ahead of American jobs data as the common currency hit six-month peaks.

The dollar index declined below 99 and it grew 0.02%, reaching 98.63.

American nonfarm payrolls are supposed to have gained in April, following anemic March data.

On Wednesday, the FOMC dared to dismiss poor first-quarter American GDP surge as transitory.

Current odds of a June lift account for 67%.

On Thursday, the US House approved GOP healthcare reform. However, the bill’s supposed to face issues in the Senate.

The common currency hit a six-month peak of $1.0990 because surveys point to clear victory for Macron in French presidential run-off on Sunday. Later the euro tumbled 0.07%, hitting 1.0976.

As for commodity-linked currencies, including the Australian dollar, they were off after this week’s dip in crude as well as base metal prices.

Meanwhile, the safe-haven Japanese yen managed to firm with Japanese markets still unavailable for an extended holiday.


Greenback inches up on American import price data

On Tuesday, the evergreen buck managed to surge versus a currency basket underpinned by data disclosing that American import prices tacked on more than predicted in February, driving hopes for a pickup in inflation in 2018…


ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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