Dollar climbs, investors await latest U.S. jobs report

06.08.2021 - Kulakov Vladimir
Dollar climbs, investors await latest U.S. jobs report

The dollar rose in Asian trade on Monday morning ahead of the latest United States’ jobs report. The data could give hints on the tightening of the U.S. monetary policy earlier than Europe and Japan.

The U.S. Dollar Index that measures the greenback against other major currencies jumped 0.12% to 92.362.

The USD/JPY pair climbed 0.10% to 109.84.

The AUD/USD pair shed 0.24% to 0.7387, while the NZD/USD pair slid 0.09% to 0.7046.

The USD/CNY pair nudged 0.06% higher to 6.4646, and the GBP/USD pair tallied a 0.05% crash to 1.3920. 

Investors focus on the labor market’s rebound from the COVID-19 and the U.S. jobs report, which will be released today.

The dollar and U.S. yields could rise sharply if jobs exceed a million. A figure below 650,000 may agitate nerves, but the dollar may not, if it benefits from investors’ risk aversion.

Meanwhile, investors cheered a drop to 385,000 in initial unemployment claims submitted during the previous week.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?