Weakness in US dollar continued as investors await the employment report. US data released on Thursday were disappointing, trimming speculations for another Fed funds rate hike. CME’s futures suggested that the market has now only priced in a 7.8% chance of rate hike in March. The euro remained strengthened further, especially against USD and GBP, although ECB President Draghi reaffirmed to add more stimuli next month.
See more here:
USD Remained Under Pressure ahead of Payrolls, Crude Slid on Profit-Taking
Leave a Reply
You must be logged in to post a comment.