💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Dollar mixed vs. rivals with nonfarm payrolls on tap

Published 06/05/2015, 05:42 AM
Dollar swings berween gains and losses vs. other majors ahead of jobs data
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
USD/CAD
-
NZD/USD
-
DX
-

Investing.com - The dollar was mixed against a basket of other major currencies on Friday, as markets were jittery ahead of a highly anticipated report on U.S. employment due later in the trading session.

Investors were eyeing data on U.S. nonfarm payrolls due later in the day for further indications on the strength of the job market.

On Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending May 30 declined by 8,000 to 276,000 from the previous week’s revised total of 284,000. Analysts had expected initial jobless claims to fall by 5,000 to 279,000 last week.

The report came a day after data showed that the U.S. private sector added 201,000 jobs last month, slightly ahead of expectations for 200,000.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 95.53.

EUR/USD was up 0.18% to 1.1258 after official data showed that German factory orders increased by 1.4% in April, beating expectations for a 0.5% gain.

The change in factory orders for March was revised to a 1.1% rise from a previously estimated 0.9% uptick.

But investors remained cautious after Greece on Thursday told the International Monetary Fund it would delay a debt payment of about $339 million due Friday, submitting a request to bundle payments totaling about $1.7 billion due this month into one payment.

Greek Prime Minister Alexis Tsipras has rejected proposals by creditors to help unlock more aid to help with repayments. Following late night talks with Greek Prime Minister Alexis Tsipras on Thursday, German Chancellor Angela Merkel said "we’re still far from reaching a conclusion."

The pound and the yen were lower, with GBP/USD down 0.34% to 1.5314 and with USD/JPY rising 0.32% to 124.76.

Elsewhere, USD/CHF eased 0.09% to trade at 0.9327. Data earlier showed that Swiss foreign currency reserves fell to 517 billion Swiss francs in May from a revised total of 522.2 billion Swiss francs the previous month.

The Australian dollar was higher, with AUD/USD up 0.22% to 0.7701, while NZD/USD held steady at 0.7134.

Meanwhile, USD/CAD edged up 0.11% to trade at 1.2517.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.