Investing.com - The U.S. dollar traded mixed against its major rivals during Wednesday’s Asian session as traders in the region digested a disappointing September jobs report out of the U.S.
In Asian trading Wednesday, EUR/USD was flat at 1.3782, which is still around two-year highs for the euro against the dollar. Later Wednesday, the European Commission delivers consumer sentiment data. Economists are expecting a reading of negative 14.5, which would be the best reading in over two years.
USD/JPY fell 0.11% to 98.04. The yen is still up more than 5% against the greenback since USD/JPY peaked in May. However, some market observers do not believe the short yen trade is over. Goldman Sachs sees USD/JPY at 103 in six months and 125 in 2016, CNBC reported earlier this week.
GBP/USD inched up 0.04% to 1.6244 after data showed that the U.K. public sector deficit narrowed to GBP11.1 billion in September from GBP12.1 billion in September 2012.
In U.S. economic news out Tuesday, the U.S. Labor Department said the U.S. economy added 148,000 jobs in September, well below expectations for an increase of 180,000.
The previous month’s figure was revised up to a gain of 193,000 from a previously reported increase of 169,000. July's figure was revised down to 89,000 from 104,000. The unemployment rate in the world’s largest economy fell to 7.2% from 7.3%.
The result of that slack jobs number could be the Federal Reserve delaying its plans to taper its USD85 billion-a-month asset-buying program. Most traders believe U.S. easing will remain at USD85 billion-a-month until at least March 2014.
USD/CHF inched down 0.01% to 0.8948 while USD/CAD fell 0.02% to 1.0288.
NZD/USD lost 0.30% to 0.8490. AUD/USD climbed 0.37% to 0.9747 after the Australian Bureau of Statistics said that Australia’s consumer price inflation rose to 1.2% in the third quarter after a 0.4% reading in the prior quarter. Analysts expected a third-quarter reading of 0.8%.
In a separate report, the Reserve Bank of Australia said that Australian trimmed mean CPI was 0.7% last quarter up from 0.6% in the second quarter. Analysts expected a third-quarter reading of 0.6%. The U.S. Dollar Index inched down 0.03% to 79.27.
In Asian trading Wednesday, EUR/USD was flat at 1.3782, which is still around two-year highs for the euro against the dollar. Later Wednesday, the European Commission delivers consumer sentiment data. Economists are expecting a reading of negative 14.5, which would be the best reading in over two years.
USD/JPY fell 0.11% to 98.04. The yen is still up more than 5% against the greenback since USD/JPY peaked in May. However, some market observers do not believe the short yen trade is over. Goldman Sachs sees USD/JPY at 103 in six months and 125 in 2016, CNBC reported earlier this week.
GBP/USD inched up 0.04% to 1.6244 after data showed that the U.K. public sector deficit narrowed to GBP11.1 billion in September from GBP12.1 billion in September 2012.
In U.S. economic news out Tuesday, the U.S. Labor Department said the U.S. economy added 148,000 jobs in September, well below expectations for an increase of 180,000.
The previous month’s figure was revised up to a gain of 193,000 from a previously reported increase of 169,000. July's figure was revised down to 89,000 from 104,000. The unemployment rate in the world’s largest economy fell to 7.2% from 7.3%.
The result of that slack jobs number could be the Federal Reserve delaying its plans to taper its USD85 billion-a-month asset-buying program. Most traders believe U.S. easing will remain at USD85 billion-a-month until at least March 2014.
USD/CHF inched down 0.01% to 0.8948 while USD/CAD fell 0.02% to 1.0288.
NZD/USD lost 0.30% to 0.8490. AUD/USD climbed 0.37% to 0.9747 after the Australian Bureau of Statistics said that Australia’s consumer price inflation rose to 1.2% in the third quarter after a 0.4% reading in the prior quarter. Analysts expected a third-quarter reading of 0.8%.
In a separate report, the Reserve Bank of Australia said that Australian trimmed mean CPI was 0.7% last quarter up from 0.6% in the second quarter. Analysts expected a third-quarter reading of 0.6%. The U.S. Dollar Index inched down 0.03% to 79.27.