The Malaysian ringgit rose against the US dollar today, following other Asian currencies in gains. There were speculations that the Federal Reserve will slow the pace of asset-purchases reduction, and such talks helped currencies of emerging markets to gain against the greenback.
Non-Farm Payrolls — News Archive
March 05th, 2014 at 17:44
Today, US macroeconomic data was disappointing yet again following the set of positive reports released on Monday. It did not affect the US dollar in a strong manner as the greenback fell against the Great Britain pound, but managed to keep gains versus the euro and the Japanese yen.
February 07th, 2014 at 13:56
One of the most important events this week was the release of US nonfarm payrolls, which was expected to ease worries about slowdown of the US economic growth. Yet in reality the employment data was disappointing and sent the US dollar lower.
February 05th, 2014 at 21:07
The US dollar was not able to establish a definite trend today as macroeconomic data was mixed and did not provide a clear picture of the US economic health. The greenback was down against the Japanese yen and a bit lower versus the euro, but rose a little against the Great Britain pound.
January 15th, 2014 at 14:51
Greenback is higher today, gaining ground as upbeat retail data from December helps promote the idea that the US economy is still headed for recovery.
January 13th, 2014 at 15:40
US dollar is mixed today, thanks in large part to confused signals about what’s next for the currency. The latest jobs data was soft, and that has some rethinking the idea that the Federal Reserve will boost its tapering efforts. The Fed might have started the taper, but it’s not likely to step back stimulus further if data remains soft.
January 10th, 2014 at 14:21
Earlier, the US dollar index had been higher, in anticipation of December’s jobs data. However, when the nonfarm payrolls report was released, it was rather disappointing and the greenback immediately began losing ground.
December 07th, 2013 at 17:08
This week was fairly important for the euro as the European Central Bank held its monetary policy meeting over the week. Several other central banks made policy decisions too and US nonfarm payrolls were another important event during the week.
December 06th, 2013 at 13:53
Nonfarm payrolls pleasantly surprised dollar bulls as they demonstrated robust employment growth and added to speculations that the Federal Reserve will reduce monetary stimulus this month. Yet another surprise, this time not so pleasant, was the fact that the dollar did not manage to gain on the euro and the Great Britain pound, though it was able to jump versus the Japanese yen. Currently, though, it looks like […]
December 04th, 2013 at 23:35
The Japanese yen was rising today, getting help from speculations that the US Federal Reserve will reduce the scale of its asset purchases as early as this month. The currency has started to lose its gains, but stays above the opening level for now.