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,
© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Wednesday, stabilizing after the previous session’s sharp declines as investors look for clues on the path for Federal Reserve policy. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher
Jobs market cooling a bit but still extremely strong Goods inflation has been tough to bring down Highlights improvements in US productivity as disinflationary Fed has to be patient, monetary policy has lags Question should be: How long are we going to stay at these levels, not about when the next hike will be Holding
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
Markets: Gold up $8 to $1941 US 10-year yields down 14.5 bps to 4.04% WTI crude up $1.10 to $82.65 EUR leads, CAD lags S&P 500 down 24 points, or -0.5% The initial reaction to the non-farm payrolls report was to sell the dollar but then the market had a look at the higher wage
© Reuters. Investing.com — Most Asian currencies retreated on Thursday, while the dollar rose after stronger-than-expected payrolls data helped overcome concerns over a U.S. rating downgrade by Fitch. Markets remained largely risk-averse after the Fitch move, which kept Asian units under pressure and spurred more safe haven demand for the greenback. Risk-heavy currencies such as
CIBC continues to believe the Federal Reserve will raise rates by 25 basis points once again in September. The below consensus hiring and past downward revisions suggests that the labor market is coming into better balance. Still, the drop in the unemployment rate and solid wage growth will keep the Fed on track for a
JULY LABOR MARKET REPORT July U.S. nonfarm payrolls at 187,000 versus 200,000 expected Unemployment rate ticks down to 3.5%, one-tenth of a percent below consensus estimates Gold rises while the U.S. dollar slides following the release of the employment report Recommended by Diego Colman Get Your Free USD Forecast Most Read: Euro Price Outlook –
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Friday as traders awaited the release of the key U.S. payrolls data later in the session for more clues of the health of the country’s economy. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Brigid Riley and Alun John TOKYO/LONDON (Reuters) – The dollar rested below the previous day’s four-week high against major peers on Friday as investors looked ahead to the jobs report due later in the day that
