Dollar drops ahead of crucial payrolls data – Yahoo Finance
Written by Tom Westbrook SINGAPORE (Reuters) – The dollar headed for its steepest weekly decline this year on Friday, as Federal Reserve Chairman Jerome Powell expressed confidence in cutting interest rates in the coming months, while expectations of a rate hike in Japan weakened. The yen rose as a result. Traders were on edge, with […]
US payrolls surge by 353,000 in January — nearly doubling forecasts
U.S. employers added a whopping 353,000 jobs in January, more than economists expected and confounding fears of an economic slowdown. The massive figure is nearly double the 185,000 job gain economists expected, and a sharp increase from December’s faster-than-expected 216,000 job gain and November’s 199,000 job gain. . The Labor Department said Friday that the […]
EUR/USD remains below 1.0900 post intraday gains, US Nonfarm Payrolls eyed – FXStreet
share: EUR/USD extended its gains as the US dollar weakened following mixed US data. The euro could face difficulties as markets speculate about an ECB rate cut in June. If US NFP declines as expected, the US dollar could suffer further losses. EUR/USD extended its gains for the second day in a row, […]
Gold prices steady at $2,050 as dollar slides before nonfarm payrolls data By Investing.com – Investing.com
©Reuters. Investing.com — Gold prices stabilized near two-week highs on Friday, with firm bets on Fed rate cuts weighing on the dollar and further non-farm jobs data due later in the day. Against the backdrop of clues, the major standards were exceeded. . The yellow metal has largely canceled out the Fed’s signal that it […]