Dollar Rally Likely To Stall Ahead Of US GDP Data |
|
The US dollar’s rally against major currencies from Tuesday, as a result of better-than-forecast US consumer confidence, was carried over to Wednesday, albeit at a slower pace. EUR/USD dipped to another 1-month low of 1.5520 today while USD/CHF rose to a 6-week high of 1.0520 after the release of an unexpectedly positive jobs report from ADP which showed that private employers added 6000 jobs last month, versus an average forecast cut of 60,000 jobs. This surprising outcome is leading many to
Filed under: Fundamental
Latest Posts
- BoE and ECB: Will they Under or Over Deliver?
- Japan CAPEX highlights ongoing weakness in capital spending
- The US dollar traded stronger against a basket of currencies after the ECB
- Asia Session
- Asian Session: Asian Stocks rise on further commodity weakness – markets eye NFP’s today
- Update on global housing market
- Guidelines For a Market Bottom
- Usd/Chf update
- Daily FX Commentary
- Eur/Usd for today
- Greenback declines against the Yen as U.S payrolls fall
- Finding a Broker
- Forex - Dollar fell against Euro after ECB rate cut
- Euro Gains After “Meager” Rate Cut
- Daily Forex Overview