Greenback sticks to 15-month minimums ahead of NFP report

Greenback sticks to 15-month minimums ahead of NFP report

On Friday, the evergreen buck was sticking to 15-month minimums versus other key currencies because last session’s dismal American service sector data kept weighing and traders waited for the publication of a major American employment report.

The currency pair EUR/USD ascended 0.12% being worth 1.1884, trading close to Wednesday’s 32-month maximum of 1.1911.

The American currency was under pressure after on Thursday the Institute for Supply Management told that its index of non-manufacturing activity went down to 53.9 from June’s reading of 57.4. Experts had hoped for an outcome of 57.0.

According to a separate report, the previous week American initial jobless claims went down by 5,000 slumping to 240,000 versus expectations for a 3,000 sag to 242,000.

Market participants are currently waiting for the nonfarm payrolls data for July in order to assess whether the American economy is sturdy enough for the US main financial institution to proceed with its planned tightening path.

Similar

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.

Latest news

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.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

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

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera