Dollar Recovers ahead of Job Data, But More Downside Still in Favor | Action Forex

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The dollar was up slightly against the yen, recovering from a slide to a two-week low in Asia trade Thursday, as the tokyo stock market firmed up after falling at the open. While markets are still in risk-averse mode in the wake of a downturn in oil prices and worries about the global economy.

Forex EUR/USD Forecast. This section of our site is entirely devoted to the analysis of the currency pair euro dollar. According to well-known global statistics the EUR/USD on the Forex is the most popular, as a rule, up to 80% of trading in the market there is for this pair.

The dollar gave up gains stemming from a U.S. government saying the economy added far more jobs last month than economists anticipated. Lien, director of currency research for GFT. Others note the Fed is still concerned about the moribund housing market, which could derive support from the more.

Sterling dips broadly today but loss is limited. UK Prime Minister Theresa May’s spokesman James Slack said that Article 50 on Brexit will be triggered next Wednesday on March 29. And, UK.

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The dollar changed hands near six-week lows against a basket of other major rivals amid Wednesday’s session, followed by reports that the U.S. private The economy added about 176,000 jobs in June, whose figure was revised from an earlier report of 172,000. The U.S. dollar index, which gauges the.

The dollar retreated further Thursday, as investors cut their positions in the currency ahead of key U.S. economic data at the end of the week. Traders will be keeping a close eye on January employment data due out Friday, as many believe the numbers offer the clearest estimation of how well the U.S.

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The US Dollar finally managed to find some strength against the Japanese Yen, as two days of heavy losses finally found some support around 111.30, as the major currency pair jumped 50 pips before easing lower again. While the market jumped on the JPY after JGB yields spiked post a taper by the.

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