USD remained stable ahead of the monthly jobs data

Free $100 Forex No-Deposit Bonus

USD stabilized on Friday in a limited range of trading against a basket of global currencies as investors refrained from building new US currency positions ahead of US payroll data, providing strong evidence of the pace of growth of the world’s largest economy, The Federal Reserve continues to tighten monetary policy in the future.

USD index is trading at 96.75 points at 96.75 and 96.87 points at 96.77.

USD finished yesterday’s trading down by 0.3%, its first loss in three days, after worse-than-expected US private sector jobs in November.

US 10-year bond yields fell on Friday to 2.896%, the lowest level since August, as yields continue losses that began on a large scale last week after mounting doubts that the US central bank may continue to raise interest rates in 2019, The uncertainty grew after comments by US central bank governor Jerome Powell that US interest rates were slightly lower than neutral.

The Wall Street Journal reported that Federal Reserve members are considering a wait-and-see stance for the future of raising interest rates after a possible increase in interest rates at their meeting later this month.

In order to re-evaluate the growth path of the world’s largest economy in the fourth quarter of this year, and the likelihood of the Federal Reserve continuing to tighten monetary policy, investors will be looking for important data on the US labor market, especially the monthly jobs data in the non-agricultural sector. Will strengthen those possibilities and will push the US dollar to rise again against most of the world currencies.

The US economy will add 198,000 new jobs in November, compared with 250,000 jobs in October, with the unemployment rate steady at 3.7%, the lowest level since In 1969, and average per capita income per hour is expected to rise 0.3% from 0.2% in the previous month.


Copyright © 2019. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.