Free Trial

Greenback Wholly Erases Post-Payrolls Strength

USD
  • Dollar strength that followed the better-than-expected jobs figures has proved short-lived, with the greenback reversing in recent trade. This puts the likes of GBP, EUR, CAD and JPY higher against the USD relative to pre-data trade.
  • USD weakness is coming alongside a further bid in equities, with the e-mini S&P now narrowing the gap with the Thursday highs of 3842.25. Gold re-correlating with stocks also, as the yellow metal hits the session's best levels.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.