Trading news

U.S. dollar stronger to counterparts

Weekly synopsis

The U.S. dollar traded higher against its main counterparts last Friday, following the nonfarm payrolls data release in the U.S. reporting a weaker hiring level for December. The U.S. dollar index traded to 102.17, rising 0.77%.

U.S. introduces 156,000 jobs

The U.S. economy introduced 156,000 jobs in December, the Labor Department stated. The analysts predicted the payrolls, for last month, to appreciate by 178,000.

The USD/JPY pair traded at 117.02, rising 1.45% while ending the week with 0.2% gains. The EUR/USD traded at 1.0532, 0.67% lower. The GBP/USD reached the 1.2283 zone, declining 1.08%.

Weekly major events

On Monday, the U.K published its house price inflation data, Australia its building approvals, while Dennis Lockhart, Atlanta Fed President, and Eric Rosengren, Boston Fed President gave a speech. Japan's financial markets were non-operational due to holidays.

On Tuesday, Canada released its building permits data, China its producer and consumer prices, and Australia its retail sales. The U.S. President, Donald Trump, attended a news conference.

On Wednesday, the U.K will be reporting its industrial, manufacturing, and trade data.

On Thursday, Canada is to release its new house price inflation figures, the ECB its monetary policy meeting minutes, and the U.S. its weekly jobless claims report. Furthermore, Charles Evans, Chicago Fed President, Patrick Harker, Philadelphia Fed President, Rob Kaplan, Dallas Fed President, James Bullard, St. Louis Fed President, and Dennis Lockhart Atlanta Fed's Dennis Lockhart are to hold speeches.

On Friday, the U.S. is to publish its consumer sentiment, producer prices, retail sales, and China its trade balance data.

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ArgusFX Review

Wednesday, 01 Feb, 2017 / 9:30

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-stronger-to-counterparts

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