© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo By Karen Brettell NEW YORK (Reuters) – The dollar gained against the euro and Japanese yen on Friday after the August jobs report showed a still strong labor market, despite some
It’s unclear what’s happening in the bond market today as US 30-year yields lead the way higher, up 8.5 bps to 4.288%. The front-end is more subdued with 2s flat at 4.85%, though well-above the post-NFP low of 4.76%. Given the dovish data today, it’s tough to explain why bonds are selling off. I wonder
USDCAD daily Bank of America (BofA) analysts are suggesting that traders consider selling USD rallies, particularly against the Canadian Dollar (CAD), Japanese Yen (JPY), Israeli Shekel (ILS), and Indian Rupee (INR). The team identifies specific technical indicators that suggest a USD correction could be imminent. Key Points: General Outlook: BofA analysts suggest that Tuesday’s USD
Share: Pound Sterling resumes its upside journey as market mood turns upbeat after US job data. UK inflation is highest among G7 economies due to labor shortages and strong wage growth. BoE policymakers warned that interest rates will remain higher for a longer period. The Pound Sterling (GBP) weakens as market sentiment turns bearish and investors
GBP/USD, DXY PRICE, CHARTS AND ANALYSIS: GBP/USD Looks to Recover Yesterdays Losses and Holds Above the 100-Day MA Ahead of US Data. Price Action Remains Choppy as Cable Eyes Clarity from US Data. Will September Provide More Clarity? IG Client Sentiment Shows Retail Traders are Net Long on Cable. As We Take a Contrarian View
© Reuters. Investing.com– Most Asian currencies moved in a flat-to-low range on Friday, while the dollar steadied after an overnight recovery as markets awaited key U.S. nonfarm payrolls data due later in the day. The dollar rebounded from a three-week low on Thursday after data showed that grew much more than expected in July, pointing
© Reuters. FILE PHOTO: An employee counts U.S. dollar notes at a money changer in Jakarta January 27, 2010. REUTERS/Beawiharta/File Photo LONDON (Reuters) – The dollar is unlikely to lose its status as the global reserve currency anytime soon, even as the expansion of the BRICS group of developing nations signals another challenge to the
Share: US Nonfarm Payrolls are expected to increase by 170K in August, slowing from the 187K reported in July. The headline NFP and Average Hourly Earnings could impact the Fed’s future policy. The Unemployment Rate in the United States is seen steady at 3.5% in August. Traders scale back the odds of a
Investing.com – The U.S. dollar edged lower in early European trade Friday, on course to end a six-week winning streak ahead of the release of the highly-anticipated monthly U.S. jobs report. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 103.544,
US Dollar (DXY) Price, Chart, and Analysis US inflation in line with market forecasts. Friday’s US NFPs will give a clearer picture of the US labor market. The latest US inflation data met expectations and caused barely a ripple in the market with both the y/y and m/m data inline. The US dollar moved a
