Dollar Recovers ahead of Job Data, But More Downside Still in Favor | Action Forex

The US Dollar finally managed to find some strength against the Japanese Yen, as two days of heavy losses finally found some support around 111.30, as the major currency pair jumped 50 pips before easing lower again. While the market jumped on the JPY after JGB yields spiked post a taper by the.

Convert from Dollars to Canadian dollars with our currency calculator. current exchange rate for the Dollar (USD) against the Canadian dollar (CAD). You get now more Canadian dollars for an amount in Dollars than you would have just a month ago.

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The US dollar bounced back on Friday, but could not offset the losses suffered during the week. The greenback was lower against most major pairs at the end of five days. Traders adjusted their positions before the weekend giving some breathing room to the USD.

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The U.S. dollar fell against its major rivals on Friday, erasing an early upward bias as the May Dollar index down more than 5% in 2017. "[The dollar] is being pushed around by opposing forces: it is supported by a high yield, but the growth momentum is favoring Europe and emerging markets.

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The dollar changed hands near six-week lows against a basket of other major rivals amid Wednesday’s session, followed by reports that the U.S. private The economy added about 176,000 jobs in June, whose figure was revised from an earlier report of 172,000. The U.S. dollar index, which gauges the.

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The dollar rose, boosted by the solid US jobs report, after tumbling the day before on mixed US economic data and apparent action by Chinese authorities to shore up the yuan. The dollar index, which measures the greenback against six major currencies, was up 0.66 percent to 102.19.

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"The downside surprise in the ADP report implies downside risks around our forecast as well as the The dollar index was last down 0.30% at 97.030, continuing its downward trend this week as weak data The ECB "is taking a more proactive approach, rather than the wait-and-see approach you’re.