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Currencymarkets

All articles tagged with #currencymarkets

finance-and-economics2 years ago

"Dollar Fluctuates on Mixed Signals Ahead of Key US Economic Reports"

The U.S. dollar initially rose after a stronger-than-expected non-farm payroll report, but gains were tempered by downward revisions of previous months' data and a declining participation rate. Despite a solid unemployment rate of 3.7%, the market reassessed the strength of the jobs data, leading to a pullback in the dollar's value against other major currencies. The USDJPY retreated from near 146.00 levels, while the EURUSD and GBPUSD recovered from their post-report lows, with the EURUSD breaking above a key retracement level.

via ForexLive|
##currencymarkets#economicdata
finance-and-economics2 years ago

"Dollar's Ascent Wavers Amid Speculation on Fed's Rate Cut Plans"

Following the release of the Federal Reserve minutes, the U.S. dollar saw a slight increase, with the EURUSD hitting a new low and the USDJPY reaching a marginal new high. The Treasury yield curve showed mixed movements, with a slight rise in the 2-year yield and a decrease in the 10-year and 30-year yields. U.S. stock markets experienced a minor drop post-release, with the Dow, S&P, and Nasdaq all showing small declines. The Fed minutes suggested potential rate cuts, but the market's expectations for the extent of these cuts may not align with the Fed's current stance.

via ForexLive|
##currencymarkets#federalreserve
finance-and-economy2 years ago

"Dollar Soars on Strong U.S. Data and Fed Speculation, Hits Two-Week High"

The U.S. dollar reached a two-week high, tracking a rise in U.S. Treasury yields, as investors reassessed expectations for interest rate cuts in 2024. The dollar's strength came despite a contraction in the U.S. manufacturing sector and a decrease in job openings in November. Investors are awaiting the Federal Reserve's December meeting minutes for further direction. Meanwhile, the euro fell against the dollar, and Bitcoin's value dropped after a recent surge. Market sentiment was also affected by geopolitical tensions following the killing of a Hamas deputy leader in Beirut.

via Reuters|
##currencymarkets#federalreserve
finance-and-economics2 years ago

"2024 U.S. Job Market Outlook: Healthy Hiring Trends and Economic Impacts"

The U.S. dollar saw a slight increase ahead of significant economic data releases expected to influence Federal Reserve policy decisions. Investors are particularly focused on the upcoming U.S. nonfarm payrolls data, which could impact the Fed's approach to interest rates. The euro retreated from a five-month high, while the British pound's gains could be tempered by expectations of a Bank of England rate cut in 2024. The Japanese yen weakened following a major earthquake, and the Chinese yuan also edged higher despite weak manufacturing data.

via Investing.com|
##currencymarkets#economicdata