Dollar rose but below previous highs ahead of June’s US employment data

29.06.2021 - Evdokimov Roman
Dollar rose but below previous highs ahead of June’s US employment data

The dollar rose on Tuesday morning in Asia but placed below a two-month high as investors await the U.S. employment data that will dictate whether the U.S. Federal Reserve will withdraw its stimulus measures.

The U.S. Dollar Index climbed 0.08% to 91.948.

The USD/JPY pair fell 0.05% to 110.56.

The AUD/USD pair was down 0.19% to 0.7553 while the NZD/USD pair inched up 0.08% to 0.7029.

The USD/CNY pair inched up 0.08% to 6.4604 while the GBP/USD pair inched down 0.12% to 1.3866.

Despite the rise, the dollar is still below its previous high of 92.408 seen on June 18 when the Fed decided an unexpectedly hawkish tone in its policy decision.

Fed Chairman Jerome Powell said the next policy will encourage a broad and inclusive job market recovery and will not be based only on inflation fears.

The U.S. job report for June, including non-farm payrolls is due on Friday.

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.net 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?