Dollar expected to strengthen against positive jobs data - FX Trading

Sat 23 Sep 2017
FX Trading

Dollar expected to strengthen against positive jobs data

Posted on 3 Jul at 9 AM Tags: Euro, Euro Zone, Dollar, Economy,

The release of jobs statistics on Friday will be closely watched by analysts as positive figures will support the Federal Reserve’s decision to look at wrapping up its stimulus programme. Anticipation that the figures will be encouraging has helped boost the strength of the dollar.

The greenback was most recently up against the yen by 0.1 per cent at 100.72 yen. The dollar also strengthened by 0.98per cent against its Australian rival to 0.916. The Aussie dollar has lost around 10 per cent since April as the Reserve Bank of Australia continues to keep the interest rate at a record low of 2.75 per cent.

Governor of the central bank, Glenn Stevens, said a further reduction could not be ruled out at the current time and further depreciation could be introduced if growth in the economy needs to be rebalanced. The Australian government is due to release trade balance data as well as retail sale figures that will show the state of consumer spending.

The Aussie dollar has risen against the yen at 92.09 and is down against the euro to 1.4212.

Meanwhile a statement due from the European Central Bank is likely to reveal that the eurozone still needs help financially. The euro lost 0.1 per cent against the greenback to end at $1.2971.


The live forex rates on 03/07/2013 were as follows: EUR GBP = 0.8519, USD GBP = 0.6548, AUD GBP = 0.5952, NZD GBP = 0.5089, CHF GBP = 0.6916, INR GBP = 0.0109, CAD GBP = 0.6233, GBP EUR = 1.1738, USD EUR = 0.7686, AUD EUR = 0.6987, NZD EUR = 0.5974, CHF EUR = 0.8118, INR EUR = 0.0128, CAD EUR = 0.7316, GBP USD = 1.5272, EUR USD = 1.3011, AUD USD = 0.909, NZD USD = 0.7772, CHF USD = 1.0562, INR USD = 0.0167, CAD USD = 0.9519, GBP AUD = 1.68, EUR AUD = 1.4312, USD AUD = 1.1001, NZD AUD = 0.855, CHF AUD = 1.1618, INR AUD = 0.0183, CAD AUD = 1.0471, GBP NZD = 1.9649, EUR NZD = 1.674, USD NZD = 1.2866, AUD NZD = 1.1696, CHF NZD = 1.3589, INR NZD = 0.0214, CAD NZD = 1.2247, GBP CHF = 1.446, EUR CHF = 1.2319, USD CHF = 0.9468, AUD CHF = 0.8607, NZD CHF = 0.7359, INR CHF = 0.0158, CAD CHF = 0.9013, GBP INR = 91.708, EUR INR = 78.1292, USD INR = 60.0498, AUD INR = 54.5881, NZD INR = 46.6731, CHF INR = 63.4219, CAD INR = 57.1603, GBP CAD = 1.6044, EUR CAD = 1.3668, USD CAD = 1.0506, AUD CAD = 0.955, NZD CAD = 0.8165, CHF CAD = 1.1095, INR CAD = 0.0175, . See today's forex Rates
Show some love, we'd appreciate it!

Leave a Comment

Your Name (required)
Email (will not be published) (required)
Website
Type: