Forex Signals

Friday, 4 April 2014

Dollar mixed vs rivals as markets eye U.S. jobs data

The dollar was mixed against the other major currencies on Friday, as markets were jittery ahead of the release of a highly-anticipated U.S. nonfarm payrolls report later in the trading session.

The dollar edged higher against the euro, with EUR/USD down 0.11% to 1.3705.

Official data earlier showed that German factory orders rose rose 0.6% in February, exceeding expectations for a 0.1% gain. Factory orders in January were revised down to a 0.1% increase from a previously estimated 1.2% rise.

But the single currency remained under pressure after European Central Bank President Mario Draghi played down the risk of deflation in the euro zone on Thursday, but added that the bank has not ruled out further policy action, including quantitative easing.

The comments came after the central bank left rates on hold at a record low 0.25%.

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