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.
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.