Softer US non-farm payrolls support Japanese Yen Weaker US non-farm payrolls and reduced Fed rate hike expectations have weighed on the Dollar, supporting the Japanese Yen. The USD/JPY fell sharply as markets priced a smaller cumulative hike by year-end. Sp
June US payrolls growth of 57K sharply undershot forecasts, reducing expectations for near-term Federal Reserve rate increases. The British Pound climbed to 1.3370 against the US Dollar on Friday, poised for a 1.3% weekly gain, its strongest in three months. Weak US jobs d
June final services PMI exceeds preliminary estimates, pushing composite PMI into expansion territory for the first time since May 2023. Eurozone June final services PMI rose to 49.4, up from a preliminary 48.9 and prior 47.7, signaling a slower contraction in the sector.
Weaker-than-expected US nonfarm payrolls data spurs dollar selling, lifting the euro 0.16% to near 1.1455. The euro rose 0.16% to 1.1455 against the US dollar in European trading Friday, extending gains after weaker US nonfarm payrolls data dented the dollar’s appeal. The
June US Nonfarm Payrolls rose by 57K, missing estimates of 110K and weighing on Fed rate hike bets. The Euro rose 0.16% to near 1.1455 against the US Dollar in European trading, driven by a weaker Greenback after softer-than-expected US jobs data. The US Dollar Index fell
Soft nonfarm payrolls data eased rate hike fears, lifting gold and pressuring the US dollar in recent trading sessions. Gold prices reversed a recent downtrend, climbing as softer-than-expected US nonfarm payrolls data reduced expectations for further Federal Reserve rate
June final services PMI for France fell below preliminary estimates, signaling continued contraction in the sector. France’s final services PMI for June came in at 46.8, below the preliminary reading of 47.4 and above May’s 44.3. The composite PMI also declined to 47.2 fro
The Euro gains against the Canadian Dollar for a second day as traders await key PMI data from Germany and the Eurozone. EUR/CAD climbed to 1.6230 during European trading hours on Friday, marking its second consecutive day of gains. The pair’s advance reflects broader Euro
Investors await German and Eurozone PMI figures, driving EUR gains while CAD weakens on falling oil prices and dovish BoC expectations. EUR/CAD climbed to 1.6230 in European trading, extending a two-day rally as the Euro strengthened ahead of key HCOB PMI data from Germany
The GBP/JPY cross attracts fresh sellers in the vicinity of mid-215.00s and slides to the lower end of its daily range during the early European session on Friday. Spot prices, however, remain confined within the previous day's range and currently trade around the 215.00 p
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