50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Forex- Dollar Edges Down as Euro, Sterling Rise

Published 01/04/2018, 11:50 AM
The U.S. dollar continues to fall.
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
NZD/USD
-
DX
-

Investing.com - Upbeat private employment data failed to bolster the U.S. dollar, which remained broadly lower against other major currencies on Thursday.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.24% at 91.67 by 11:49 AM ET (16:49 GMT).

Payrolls processor ADP reported on Thursday that U.S. private employers added 250,000 jobs in December, well above economists' expectations.

However a separate report showed that U.S. jobless claims increased by 3,000 last week to 250,000, disappointing expectations for a 6,000 decline. The reports were ahead of the nonfarm payrolls data on Friday, which includes government and private-sector employment.

The greenback had briefly rallied on Wednesday after three weeks of losses after Fed meeting minutes showed policymakers think the U.S. labor market are strong.

The euro and the pound remained higher, with EUR/USD up 0.38% at 1.2062 and with GBP/USD adding 0.18% to 1.3540.

Earlier Thursday, data showed that UK consumer lending slowed to its weakest since 2015 in the three months to November, while service sector activity picked up in November.

The yen fell, with USD/JPY up 0.24% at 112.78, while USD/CHF slipped 0.18% to 0.9754.

Elsewhere, the Australian dollar rallied, with AUD/USD up 0.23% at 0.7853, while NZD/USD gained 0.72% to 0.7143.

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.