|09-08-2014, 02:55 PM||#1|
Dollar strengthens against yen in Europe, euro near its 14-month low
The U.S. dollar held steady in Europe Monday after falling slightly in early trades as market participants awaited further clarity on the state of U.S. economic recovery after weaker-than-expected U.S. jobs data released on Friday dampened expectations of an early interest rate hike by the Federal Reserve.
The U.S. currency had lost ground against the yen on Friday after the monthly jobs report showed that the U.S. job creation slowed to its lowest pace of the year in August – a stumble for the labor market that had seen a stretch of steady 200,000-plus gains over the past six months.
Pessimism was spread across the nation as rate hike bets were dampened with the Federal Reserve looking at the recovery of the labor market to time an interest rate hike which would widen the Japan-U.S. rate gap and spur demand for the dollar.
Dollar traded higher on Monday after falling in the previous session on weak jobs data. The USDIX is currently trading at 83.96 after opening at 83.87, bouncing off an intraday low hit at 83.81.
At noon, dollar pushed higher against the Japanese yen where the USDJPY pair was last seen trading at ¥105.180 after opening at ¥104.998.
Euro, meanwhile, remained near a 14-month low against the dollar marked last Thursday, after the European Central Bank further cut interest rates amid signs of slowdown in Eurozone economies.
Euro was little changed in Europe, trading at $1.29434. Against the yen, the single currency traded higher after falling for three straight sessions last week, the EURJPY is currently trading at ¥136.135.
|مواقع النشر (المفضلة)|
|الذين يشاهدون محتوى الموضوع الآن : 1 ( الأعضاء 0 والزوار 1)|
|أدوات الموضوع||إبحث في الموضوع|
|انواع عرض الموضوع|
|الموضوع||كاتب الموضوع||المنتدى||مشاركات||آخر مشاركة|
|Euro remains weak around a 14-month low on ECB’s decision||Hazem Ahlawy||Forex News||0||09-05-2014 12:35 AM|
|Dollar retreats from near 14-month high||Hazem Ahlawy||Forex News||0||09-03-2014 04:04 PM|
|Gold hits three-month low as dollar builds up||Hazem Ahlawy||Gold, Silver & Oil||0||09-03-2014 05:18 AM|
|Gold trades near two-month low on stronger dollar||Hazem Ahlawy||Gold, Silver & Oil||0||08-25-2014 01:13 PM|
|Gold hovers near 2-month low, stronger dollar weigh||Hazem Ahlawy||Gold, Silver & Oil||0||08-22-2014 01:41 PM|