U.S. Dollar Higher After Strong Jobs Data

RTTNews | 7 days ago
Stocktwits
U.S. Dollar Higher After Strong Jobs Data

(RTTNews) - The U.S. dollar firmed against its major counterparts in the New York session on Friday, following the release of better-than-expected nonfarm payrolls report for May.

The economy added 139,000 jobs in May, beating forecasts of 130,000 jobs.

The unemployment rate remained unchanged at 4.2%.

The data dampened hopes of a rate cut from the Federal Reserve in the coming months.

The greenback climbed to 2-day highs of 1.1371 against the euro, 1.3506 against the pound and 0.8248 against the franc. The next possible resistance for the currency is seen around 1.10 against the euro, 1.31 against the pound and 0.92 against the franc.

The greenback advanced to 2-day highs of 1.3704 against the loonie, 0.6479 against the aussie and 0.6006 against the kiwi. The currency may find resistance around 1.38 against the loonie, 0.62 against the aussie and 0.58 against the kiwi.

The greenback rose to an 8-day high of 145.08 against the yen. The currency is poised to find resistance around the 148.00 level.

Tags: AUDUSD GBPUSD EURUSD NZDUSD USDCAD USDCHF USDJPY
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Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. U.S. officials confirmed that the U.S. had no involvement or role in the operation. Tensions between the U.S. and Iran are also rising over the latter's nuclear developments.
RTTNews | 12h 24min ago
Yen Rises Against Most Majors

Yen Rises Against Most Majors

The Japanese yen strengthened against most major currencies in the Asian session on Friday.
RTTNews | 13h 35min ago
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | 1 day ago
Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
RTTNews | 1 day ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 1 day ago
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