Live Forex news from all over the world.
The Sterling pound fell against the dollar, extending a 3-day decline driven by the greenback’s rally during the same period and the dovish investor sentiment. The GBP/USD currency pair fell further after the release of upbeat US jobs data that boosted the greenback at the pound’s expense as investors wait for US stimulus.
The Polish zloty sank today, reaching a multi-year low against the Great Britain pound. Some market analysts attributed the plunge to the general weakness of currencies of emerging markets due to the strength of the US dollar. But very dovish comments made by the chief of the nation’s central bank were also likely a major contributing factor to the zloty’s weakness.
The Canadian dollar fell against the dollar leading up to the US non-farm payrolls report’s release but managed to recoup some of its losses afterwards. The USD/CAD currency pair fell after the release but later rallied as the greenback clawed back some of the loonie’s gains boosted by the falling US equities.
The euro was weak today, falling against the vast majority of its most-traded peers. US nonfarm payrolls did not have a lasting impact on the currency. While the euro sank sharply immediately after the release of US employment data, the shared 19-nation currency rebounded quickly just to resume the gradual decline it has been experiencing throughout the trading session.
The US dollar is finding strength in chaos in the financial markets and a better-than-expected February jobs report. The greenback has been rising over the last week amid turmoil in the equities arena. With positive economic data, the buck could strengthen even more, continuing to defy market expectations for a bear market in the dollar.
The Australian dollar has been moving lower throughout Friday’s trading session and dipped sharply after the release of US nonfarm payrolls. But by now, the Aussie has trimmed losses versus its rivals and even tried to log small gains against some of them, though failed, at least at the time of writing. Macroeconomic data in Australia itself was mixed.
The United States dollar versus the Japanese yen currency pair seems governed by the bulls’ will. Are the bears going to show up any time soon?
The US Dollar Index (DXY) rose above the key 91.00 threshold on Thursday as initial jobless claims came into focus, as well as the performance in the broader financial markets. The greenback has been taking advantage of the subpar and uncertain trend in the equities arena. Will the index’s next target be 92.00?
The Great Britain pound versus the Canadian dollar currency pair seems to be attempting a rotation from the 1.7567 area. Are the bears sufficiently determined to hamper the bullish plans?
The euro fell against the dollar after inching higher initially fueled by positive PMI data from the euro area before heading lower as investor sentiment shifted. The EUR/USD currency pair’s decline was fueled by dovish comments from European Central Bank policymakers who spoke in favour of more stimulus.
