Trading news

U.S. dollar trades slightly lower

Weekly synopsis

U.S. dollar ended slightly lower, amid the indications that the FED would highly unlikely increase interest rates, despite a stronger jobs report for the month of June.

U.S. dollar index trades at 96.31

The U.S. dollar index traded at 96.31 and was slightly below the previous figure of 96.72.

The economy in the U.S. introduced last month 287,000 jobs, a figure that was far upper than the analysts' estimations for 175,000. The hourly earnings, on an average basis, traded 2.6% higher compared to the previous year's figure.

The USD/JPY traded at 100.59, 0.19% lower, the NZD/USD climbed to 0.7307, 1.09% higher, and the AUD/USD escalated to 0.7571, an appreciation of 1.18%. The USD/CAD appreciated to 1.3042 and recorded a rise of 0.32%.

The GBP/USD reached the 1.2951 zone, rising 0.36%, the USD/CHF traded at 0.9829, and the EUR/USD stabilized at 1.1049.

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Monday, 11 Jul, 2016 / 9:06

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-trades-slightly-lower

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