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U.S. dollar lower after weak employment data

ArgusFX

The U.S. dollar traded lower versus its main counterparts yesterday, following Friday's weak employment data in the U.S. that resumes having an impact on the markets.

U.S. dollar and yen at 109.39

The USD/JPY pair traded at 109.39 declining 0.29% and the USD/CHF at 0.9573 falling 0.09%. The EUR/USD reached the 1.1880 zone dropping 0.14% and the GBP/USD stabilized at 1.2932.

The NZD/USD went to 0.7176 increasing 0.20%, the AUD/USD at 0.7968 rising 0.30%, and the USD/CAD at 1.2400 slipping 0.10%. The U.S. dollar index traded at 92.60 showing signs of stability.

Gold higher as investors prefer safe-haven assets

Gold aimed to its strongest zone within almost a period of one year as the investors and the traders headed strongly toward safe-haven assets.

The Comex gold futures traded to $1,340.77 a troy ounce jumping approximately 0.8% or $10.30 whereas the silver futures reached $17.96 a troy ounce rising around 0.8% or 14.7 cents. Copper futures approached $3.176 a pound rallying 1.8% or 5.6 cents.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/u.s.-dollar-lower-after-weak-employment-data
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