The dollar held on Friday, May 7, near its lowest level in a week, as it is under pressure ahead of the release of US jobs data, which is expected to boost hopes for a strong economic recovery after the pandemic and support investors’ appetite for risk.<\/p>\n\n\n\n
Against a basket of major currencies, the dollar index reached 90.841, down less than 0.1% today. It is on the way to lose 0.5% on a weekly basis, after yesterday’s Thursday witnessed its worst daily performance in nearly two weeks.<\/p>\n\n\n\n
By 07:29 GMT, the euro was up 0.1% today, at $1.207.<\/p>\n\n\n\n
The pound sterling was slightly stronger against the dollar at $1.3911, and settled against the euro at 86.79 pence per euro.<\/p>\n\n\n\n
The Australian dollar fell 0.3% against the US dollar, to 0.77645, while the New Zealand dollar fell 0.4% to 0.72125.<\/p>\n\n\n\n
The Canadian dollar fell 0.2%, after jumping yesterday to its highest level in more than three years against the US dollar.<\/p>\n\n\n\n
On the cryptocurrency front, Ethereum stabilized after reaching a new high yesterday. Bitcoin was little changed, which registered about $56,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
The dollar held on Friday, May 7, near its lowest level in a week, as it is under pressure ahead of the release of US jobs data, which is expected to boost hopes for a strong economic recovery after the pandemic and support investors’ appetite for risk. Against a basket of major currencies, the dollar …<\/p>\n","protected":false},"author":9,"featured_media":31172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[7211,6877,6928,6882],"class_list":["post-45513","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=45513"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45513\/revisions"}],"predecessor-version":[{"id":45514,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45513\/revisions\/45514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31172"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=45513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=45513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=45513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}