The US Bureau of Labour Statistics reported on Friday that nonfarm payrolls (NFP) increased by 187,000 in July. This estimate fell short of the market’s anticipation of 200,000. The June increase of 209,000 was reduced down to 185,000. Follow our live coverage of the market reaction to the July jobs …
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The USD/CAD pair peaked at 1.3377’s daily high, then consolidated at 1.3355. Further oil production cuts by Saudi prospects lifted crude prices, favouring the Canadian dollar.On Thursday’s session, the USD/CAD reversed as the US counterpart lost traction following weak mid-tier economic data. The pair rose to nearly 1.3380 and then …
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The US Bureau of Labour Statistics will release the awaited Nonfarm Payrolls (NFP) report for July on Friday. The jobless rate remains at 3.6%, indicating that the labor market remains extremely tight.Nonfarm Payrolls are expected to have increased by 200,000 in July, down from the 209,000 jobs that were reported …
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The EUR/USD pair continues its loss for the third day in a row, and fell to the 1.09370 level. The labour market in the US and in the EUR showed positive results this week and all eyes are now focusing on Friday’s NFP data in the United States.The EUR/USD is …
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Gold prices rose in early Asian trade on Monday after last week’s US jobs data overshadowed the strength of the labor market, prompting investors to be more cautious about the path of US interest rate hikes. By 0104 GMT, spot gold rose 0.1 percent to $1925.49 an ounce, and US …
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The US dollar weakens across the board after the US official jobs report. The EUR/USD pair gains momentum after breaking above 1.0930. The pair is heading for its highest weekly close since May.The EUR/USD pair gained momentum amid a weaker US Dollar following the release of US employment data. After …
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The US Dollar posted mixed results, weakening versus the Euro, the Pound, and the Yen, and rising sharply against commodity currencies. Upbeat US data boosted expectations of another interest rate hike from the Federal Reserve (Fed) and weighed on US stocks. The deterioration in market sentiment and lower commodity prices …
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Gold has experienced a 0.20% loss due to robust US job readings and mounting rate hike expectations, driving US Treasury yields higher. Dallas Fed President Lorie Logan’s hawkish comments and a strong ADP report support the expectation of a July rate hike. Traders anticipate further clues from the upcoming US …
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On Thursday, the USD/CAD pair increased by more than 0.60%, moving near the 1.3370 level. On Thursday, the USD/CAD gained traction and surged to 1.3370, its highest level since mid-June. However, despite continuing to trade in the red, the DXY index has recovered some of its daily losses and is …
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Gold settled Thursday, July 6, as investors await a set of US economic data that may affect the course of the US Federal Reserve’s monetary policy, after publishing the minutes of its June meeting, which supported expectations of raising interest rates for a longer period. By 0241 GMT, gold settled …
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