Strong USD on Tuesday
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
US NFP came below forecast
US nonfarm payrolls showed that the US economy added 98K of new jobs in March. That’s less than the forecast of 174K.
At the same time, American unemployment rate declined from 4.7% to 4.5%. Average hourly earnings showed stable growth of 0.2%.
US dollar index (DXY) fell from 100.80 towards 100.40.US dollar index (DXY) fell from 100.80 towards 100.40.
Similar
Will the USD grow with the US labor market?
The US unemployment claims are out on Thursday at 15:30 MT time.
Will the US CPI boost the USD?
The American CPI is announced on Wednesday at 15:30 MT time.
Latest news
ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
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.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
Deposit with your local payment systems
