US dollar firms up further vs the majors on positive employment data

Posted 02 February, 2018

The greenback has gathered pace vs the majors today boosted by the positive employment data released on Friday. The data showed that the number of new jobs beat expectations in January supporting the economic upturn outlook.

According the reports, it was created 200,000 new jobs over the period under review, while the forecast was voiced at some 184,000. As for the unemployment rate,  it did not changed and stayed at 4.1% as anticipated. The hourly income added 0.3% in January.

As it was reported, the US dollar got also support from the results of the recent Federal Reserve meeting.  Specifically, it was stated the inflation rate might go up in 2018, which fueled anticipations of interest rate upward revision under Jerome Powell.

The US Dollar index hiked to 88.92 (0.50% up) today.

The euro and sterling has kept softening against US dollar – EUR-USD was seen at 1.2465 and GBP-USD – 1.4348.

AUD-USD and NZD-USD were at 0.7952 (1.08% down) and 0.7324 (0.99% down) respectively. USD-CAD reached 1.2353 (0.73% up).

The JPY-USD keeps slackening, so USD-JPY rose 0.70% to 110.16; a similar development is shown by fracn – USD-CHF moved up to 0.9303 (0.40% up).

Previous story

05 February, 2018 11:49

← Bitcoin touches November bottom on further collapse

On February 5, the leading cryptocurrency in the world – bitcoin – has plunged to the bottom since last November driven by possible stiffening of crypto trading control. Bitcoin price on the Bitfinex was recorded at $7,800 this morning falling to a multimonth minimum. The crypto market witnessed a price collapse on Friday with bitcoin falling below $8,000. As a result, the market capitalization dropped by more than $100 billion.

Bitcoin touches November bottom on further collapse

Next story

02 February, 2018 15:05

Bitcoin maintains negative performance falling below $8,000 →

The last day of the week has been marked by another collapse of cryptocurrencies, posting above 20% slump. Bitcoin price moved below $8,000, coming closer to the weekly bottom since 2013 as investors started getting rid of the coins amid fears that regulators might close or limit crypto trading worldwide. With plunging prices overall market value halved from January to...

Bitcoin maintains negative performance falling below $8,000
Write a comment
 
Prove you’re not a bot + 7 = 12