How will the US Dollar react to August NFP?

[ad_1] 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

Dollar edges lower ahead of payrolls; set for losing week By Investing.com

[ad_1] 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

Navigating Dollar Dynamics

[ad_1] In the midst of the recent market intricacies, the USD index showcased an intriguing ride during the past few sessions. It’s evident that the dollar’s trajectory is drawing attention from investors globally. The recent unveiling of the US real GDP and Q2 ADP employment data painted a picture of mixed fortunes, contributing to a

Australian Dollar Spikes After China PMI Beat; Can AUD/USD Rise Toward 0.66?

[ad_1] Australian Dollar Vs US Dollar, China PMI – Talking Points: AUD rose after China manufacturing activity beat expectations. AUD/USD is attempting to break above key resistance. What are the key levels to watch in AUD/USD? Recommended by Manish Jaradi Improve your trading with IG Client Sentiment Data The Australian dollar rose briefly against the

Decoding How Gold, US Dollar and Yields Might React

[ad_1] US LABOR MARKET REPORT KEY POINTS: The U.S. Bureau of Labor Statistics will release its latest nonfarm payrolls survey on Friday The economy is forecast to have created 170,000 jobs in August With the Fed embracing a data-centric stance, the strength or weakness of the data will help guide the monetary policy outlook, setting

US Dollar Crumbles; Unstoppable Nasdaq 100 Hits Key Level, Defying Gravity

[ad_1] MARKET RECAP The U.S. dollar, as measured by the DXY index, retreated on Wednesday, dragged lower by falling rates in the wake of disappointing economic numbers. U.S. Treasury yields have begun to retrench in recent days, as softer-than-expected macro-related statistics have reduced the likelihood of additional monetary tightening by the Federal Reserve. Earlier this

Asia FX edges lower as dollar steadies after two-day drop By Investing.com

[ad_1] © Reuters. Investing.com– Most Asian currencies fell slightly on Wednesday with markets remaining risk averse ahead of key economic readings this week, while the dollar steadied after steep losses in the past two sessions. Weak and data saw the dollar pull back sharply from a near three-month high on Tuesday, as markets bet that