The dollar is reeling

[ronscarpa]

The dollar is reeling

 

2023-04-07 - 01:50

 

Shafaq News/The dollar fell against major currencies after a poor performance, coinciding with investors' hedging and assessment of the impact of US jobs data on the policy of the Federal Reserve (US Central Bank) and the movement of markets.

 

The US stock market is closed on the occasion of "Good Friday", and European stock exchanges are scheduled to be closed on Monday for the holidays.

 

The highly anticipated non-farm payrolls report will come on the heels of disappointing manufacturing and services data from the Institute for Supply Management and private sector employment data, on Wednesday.

 

During the afternoon trading session, the dollar index fell 0.1 percent to 101.81, after falling to its lowest level in two months, due in part to lower Treasury yields.

 

The dollar rose 0.4 percent against the Japanese yen to 131.765 yen. The risk-sensitive Australian and New Zealand dollars fell 0.7% to $0.6679 and 1.1% to $0.6251, respectively.

 

The pound sterling fell 0.1% to $1.2451, while the euro rose 0.2% to $1.0931.

 

 

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