Forex Signals Dollar moves higher ahead of nonfarm payrolls

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Forex Signals Dollar moves higher

Forex Signals Dollar moves higher .Forex Signal Dollar moves higher FxPremiere.com – The US dollar moved higher vs other major forex currencies, ahead of the highly-anticipated U.S. non-farm payrolls report due later in the day.

EUR/USD slipped 0.11% to 1.0747, off the previous session’s eight-week high of 1.0827.

FxPremiere Fx Signals | Investors were still cautious as U.S. President Mr Donald Trump’s policies and immigration bans spurred ongoing uncertainty in global capital markets.

Trump suggested the possibility of imposing new sanctions on Tehran.

Fx Signal Market participants were looking ahead to the U.S. non-farm payrolls report, after upbeat initial jobless claims numbers released the day before sparked fresh optimism over the strength of the jobs capital markets.

Elsewhere, GBP/USD fell 0.39% to trade at 1.2493.

Forex Signals - Dollar moves higher | Forex Free Signals

British Pound Drops as BoE Remains Calm

Markit quoted its U.K. services purchasing managers’ index dropped to 54.7 last month from a reading of 56.5 in December. Analysts had expected the index to drop only to 55.2 in January 2017.

USD/JPY rose 0.34% to trade at 113.17, off Thursday’s two month lows of 112.01, while USD/CHF gained 0.30% to 0.9957.

The Aussie Dollar and NZ dollars were weaker, with AUD/USD down 0.16% at 0.7649 and with NZD/USD shedding 0.27% to 0.7269.

Data earlier showed that China’s Caixin manufacturing PMI ticked down to 51.4 in January from 51.3 the previous month. Analysts had expected the index to drop to 51.9 last month.

 

The U.S. dollar index, which measures the greenback’s strength versus a trade-weighted basket of six major currencies, was up 0.25% at 100.08, off Thursday’s two-and-a-half month trough of 99.20. Read our Daily LIVE FOREX NEWS and FOREX LEARNING GUIDES.

 

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