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%.

 _______________________________________________________________
Risk Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.

No comments:

Post a Comment