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.
December 04th, 2013 at 16:42
US dollar is headed higher today, gaining ground as the latest ADP employment is released. With this positive news, there is an expectation that the Fed really will start tapering its asset purchases soon.
November 08th, 2013 at 14:44
Today’s surprising payrolls report out of the United States is fueling speculation that the Federal Reserve could begin its taper as early as December. The latest report shows a surge in jobs, and that is leading some to believe that the easing policy will be lifted, which is very dollar positive.
October 22nd, 2013 at 22:38
The US dollar dropped sharply against most major currencies today after non-farm payrolls frustrated market participants, showing employment growth that was slower than investors have hoped for.
October 21st, 2013 at 22:55
The US dollar was relatively strong today ahead of tomorrow’s non-farm payrolls. The currency trimmed its gains versus the euro after the release of housing data that was worse than market participants have hoped for.
October 03rd, 2013 at 0:48
The US dollar weakened after the employment report came out worse than was expected, adding to concerns caused by the partial US government shutdown. It suggested that US economic growth was not stable even without politicians messing things up.
Two major events for the US dollar will happen this week: the deadline for the US budget and non-farm payrolls. What outlook do analysts have for the greenback ahead of these events?
September 11th, 2013 at 14:23
Euro is mostly rangebound today, with a slight propensity toward weakness against currencies that aren’t the US dollar. There is a lot happening right now, and many traders seem ready to wait until next week, and the next FOMC announcement.