Dollar unchanged versus counterparts before jobs report
June 6, 2014 8:07 am
The US dollar was hugely unchanged versus major counterparts in Asian trade Friday as investors were hesitated to make big moves before the release of the US jobs data.
The currency slightly fell at ¥102.33 from ¥102.41 late Thursday in New York. The euro was still stable at $1.3656, compared with $1.3659. It reached a four-month low of $1.3503 overnight following the European Central Bank made easing measures including initiating negative deposit rates to help counter low inflation in the eurozone. The rally in the euro implied the easing move had hugely been considered by the market.
With the ECB’s out of the way decision, investors changed their attention to the US jobs report to be released by the Labor Department today, the latest measure of the US’ recuperation strength.
“It is very likely the figure will be in a range between 170,000 and 230,000,” mostly in line with the market consensus of 215,000, said Yunosuke Ikeda, Chief FX Strategist at Nomura Securities.
The material has been provided by InstaForex Company – www.instaforex.com
The US dollar was hugely unchanged versus major counterparts in Asian trade Friday as investors were hesitated to make big moves before the release of the US jobs data.
The currency slightly fell at ¥102.33 from ¥102.41 late Thursday in New York. The euro was still stable at $1.3656, compared with $1.3659. It reached a four-month low of $1.3503 overnight following the European Central Bank made easing measures including initiating negative deposit rates to help counter low inflation in the eurozone. The rally in the euro implied the easing move had hugely been considered by the market.
With the ECB’s out of the way decision, investors changed their attention to the US jobs report to be released by the Labor Department today, the latest measure of the US’ recuperation strength.
“It is very likely the figure will be in a range between 170,000 and 230,000,” mostly in line with the market consensus of 215,000, said Yunosuke Ikeda, Chief FX Strategist at Nomura Securities.
The material has been provided by InstaForex Company – www.instaforex.com
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