U.S. Dollar Strengthens Ahead Of U.S. Jobs Data
06 Octobre 2017 - 5:31AM
RTTF2
The U.S. dollar climbed against its major counterparts in Asian
session on Friday on optimism over progress in U.S. tax reform plan
and investors awaited the U.S. jobs report amid indications of
solid economic growth.
House of Representatives passed a $4.1 trillion budget on
Thursday, to help pass a sweeping tax reform bill with a simple
majority in the Senate. The GOP tax reform framework unveiled last
week proposes tax cuts for corporations, small businesses and
individuals.
The Labor Department report is expected to show that the economy
may have added 90,000 jobs in September following an increase of
156,000 jobs in August. The unemployment rate is expected to hold
at 4.4 percent.
Thursday's data on jobless claims, factory orders and trade
balance as well as a slew of Fed speeches continued to support the
currency.
Fed Funds Futures are currently pricing in an 84% probability of
a 25bps hike in December.
The greenback advanced to more than a 4-month high of 0.7091
against the kiwi, more than 5-week high of 1.2591 against the
loonie and near a 3-month high of 0.7743 against the aussie, from
Thursday's closing values of 0.7111, 1.2565 and 0.7795,
respectively. The next possible resistance for the greenback is
seen around 0.69 against the kiwi, 1.27 against the loonie and 0.76
against the aussie.
The greenback spiked up to 0.9800 against the franc, a level
unseen since May 30. If the greenback extends rise, 0.99 is
possibly seen as its next resistance level.
The greenback that closed Thursday's trading at 112.80 against
the yen climbed to a 3-day high of 113.03. The greenback is seen
finding resistance around the 114.00 area.
Preliminary data from the Cabinet Office showed that Japan's
leading index improved to the highest level seen since early 2014
in August.
The leading index, which measures the future economic activity,
rose to 106.8 in August from 105.2 in the previous month.
The greenback strengthened to a 2-day high of 1.1686 against the
euro and more than a 4-week high of 1.3073 against the pound, up
from yesterday's closing quotes of 1.1812 and 1.3119, respectively.
On the upside, 1.15 and 1.29 are likely seen as the next resistance
levels for the greenback against the euro and the pound,
respectively.
Looking ahead, U.S. and Canadian jobs data for September, U.S.
wholesale sales and consumer credit for August as well as Canada
Ivey PMI for September are set for release in the New York
session.
US Dollar vs Yen (FX:USDJPY)
Graphique Historique de la Devise
De Mar 2024 à Avr 2024
US Dollar vs Yen (FX:USDJPY)
Graphique Historique de la Devise
De Avr 2023 à Avr 2024