Share: US Dollar weakens across the board after NFP. Nonfarm Payrolls rise by 187,000 in July, below the 200,000 of market consensus. USD/CHF falls for the second day in a row, still up for the week. The USD/CHF reached a four-day low at 0.8699 on Friday, following the release of US jobs data.
Share: USD/MXN drops more than 1.50%, but clings to the 17.0000 psychological level. US jobs data came soft, thus decreasing the chances for additional tightening by the Federal Reserve. Upcoming economic data includes the US inflation report, Balance of Trade, and Fed speakers, while in Mexico, Consumer Confidence and inflation rate will be
Share: USD/CAD reversed its course during the American session and got rejected by the 100-day SMA, falling to near 1.3335. NFPs showed that job creation in July cooled down while wages increased. Canada reported soft labour market and economic activity figures. On Friday, the USD/CAD cleared daily gains and fell into negative territory
Share: Analysts at Rabobank see the US Dollar appreciating against the Euro and the Pound over the next few months. They point out that the relative resilience of the US economy suggests that it will be some time before monetary policy is eased. Key quotes: “Fitch’s decision to downgrade the US credit rating
Share: NZD/USD jumped above the 0.6100 threshold but is poised to close a third consecutive weekly loss. Headline NFPs came in lower than expected, while wages increased in July. The focus is set on next week’s CPI figures from July. At the end of the week, the NZD/USD rosed but will close a
Share: EUR/GBP struggles to capitalize on its modest intraday bounce from the 0.8600 mark. The BoE’s less hawkish signals undermine the GBP and act as a tailwind for the cross. Speculations that the ECB will soon pause its rate-hiking cycle caps gains for the Euro. The EUR/GBP cross attracts fresh buying near the
Share: GBP/USD remains on the defensive for the third successive day, albeit lacks follow-through. The emergence of some USD dip-buying turns out to be a key factor weighing on the major. The downside seems limited as traders seem reluctant ahead of the BoE meeting on Thursday. The GBP/USD pair struggles to capitalize on
Share: GBP/USD edges lower for the second straight day on Tuesday, albeit lacks follow-through. The USD climbs to a fresh multi-week top and turns out to be a key factor exerting pressure. The downside seems limited ahead of the BoE on Thursday and the US NFP report on Friday. The GBP/USD pair remains
Share: The pair stands rose nearly to 150.00 after four consecutive days of losses. USD/JPY surrendered earlier gains after the BOJ’s Monetary Policy Statement reaffirmed its ultra-loose policy. Core PCE from the US retreated to 4.1% YoY in June, fueling a decrease in US yields. At the time of writing, the USD/JPY pair is
Share: More central bank decisions await in the coming week, with live meetings at the Reserve Bank of Australia and the Bank of England. US data will remain in the spotlight with key employment data, including Nonfarm Payrolls. Canada and New Zealand will also release job market data. Eurostat will release inflation and
