Dollar pinned near three-week low

TOKYO (Reuters) – Daily Forex Signals -The dollar traded near its lowest point in nearly three weeks versus major peers on Wednesday, with investors focused on a key U.S. jobs report due on Friday for clues on when the Federal Reserve might begin paring stimulus.

Forex Signals

The dollar index, which measures the greenback against six rivals, edged higher to 92.777 from Tuesday, when it dipped as low as 92.395 for the first time since Aug. 6.

The U.S. currency was about 0.1% stronger at $1.18015 per euro, after touching the weakest since Aug. 5 at $1.1845 in the previous session.

Dollar Edges Off Three Week Lows

“The USD uptrend is over for the time being at least,” after Federal Reserve Chair Jerome Powell successfully separated the debate over taper timing from any decisions about higher interest rates, Ray Attrill, head of foreign exchange strategy at National Australia Bank (OTC:NABZY) in Sydney, wrote in a client note.

“Positive price action” in the Australian and New Zealand dollars since their Aug. 20 lows suggests “a base has now been formed,” he said.

TELEGRAM FX Signals

Pound Skids to Three-Week Low

Last Friday, Fed Chair Jerome Powell acknowledged in his speech at the Jackson Hole conference that tapering could begin this year, but added the central bank is in no hurry to raise interest rates.

“Powell’s speech didn’t really provide any new information, which leaves the market waiting for nonfarm payrolls this week,” with the dollar lacking any real direction, said Shinichiro Kadota, senior currency strategist at Barclays (LON:BARC) in Tokyo.

Dollar slips to three-week low

“The market is expecting solid employment growth to have continued in August, which should help the Fed to further the discussion on tapering,” boosting the dollar, he said.

Dollar pinned near three-week low 

Pound to Snap 3-Week Win

Dollar pinned near three-week low 

Forex Signals Learning Guides, to help you get started with trading. Grow your Learning knowledge on the capital markets. URL FxPremiere.com was Founded in 2010.  Daily Trading Alerts are sent by our VPS Networks worldwide via Telegram. Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals Learning Guides below with guide you with every trade you make! Dollar at three-week low

FxPremiere Group has helped over 5,000 Forex Affiliates earn up to $800 CPA on referrals and has grown immense revenue streams for online affiliates. Trading Forex has never been easy. The World of Forex Trading is growing day by day and its crucial to keep up to date with trends and market analysis.

Dollar pinned down by lower

FX Signals

The most traded pairs of currencies in the world are called the Majors.EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more… Forex Trading comes with it high risk. We help by referring only the very best forex brokers available in the marketplace. Your in safe hands with our partners.Forex Signals Telegram SignalsWith our free forex learning guides you will be able to educate yourselves with the most up to date forex basics required in order to enter the Capital Markets. FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms.

Dollar pinned near three-week low