Thursday, May 5, 2016

Forex Market Update : Epic Research Singapore

The U.S. dollar shrugged off a number of mixed economic reports, including a weaker-than-expected private-sector employment data, and rose for a second day against its main rivals Wednesday.

A report on private-sector employment came in well below expectations, with employers adding 156,000 jobs in April, according to Automatic Data Processing Inc., short of the 193,000 economists had expected.

Meanwhile, factory orders rose modestly in March and services sector ISM data for April came in slightly stronger than expected.

The ICE U.S. dollar index DXY, -0.04% a measure of the dollar’s strength against a basket of six rival currencies, rose 0.3% at 93.193. The index added to previous sessions advance, which broke a six-day run of losses.

The euro EURUSD, -0.0087%  recouped earlier losses to trade at $1.1496 in late trade in New York, compared with $1.1499 late Tuesday in New York. The dollar USDJPY, +0.13%  strengthened to ¥106.9570, compared with ¥106.6870 late Tuesday.

The pound GBPUSD, +0.1449%  weakened to trade at $1.4499 compared to $1.4545 late Tuesday.

While the dollar weakened against its main rivals, it strengthened against commodity-linked currencies like the Canadian dollar USDCAD, -0.2642% as well as most developing-market currencies like the Mexican peso USDMXN, -0.4264%  and Turkish lira USDTRY, -0.6346%

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

0 comments:

Post a Comment