Dollars fall before payrolls report
2022.12.02 04:02
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Dollars fall before payrolls report
Budrigannews.com – At the beginning of trading on the European market on Friday and ahead of the expected monthly reports on employment in the United States, which may affect the future financial policy of the Fed, the dollar was declining.
The index comparing the dollar and a basket of six other currencies fell 0.1 to 104.670 at 08:05 GMT eastern time, reaching the lowest level in August.
The Fed Chairman largely confirmed that the US Central Bank intends to reduce the amount of increases at the end of this month, the so-called the reversal, because the dollar has been declining lately, has just recorded the worst month of 2010, and stated that “slowing down at this stage is a good way to balance risks.”
This opinion contributed to the October index, the Federal Reserve’s favorite inflation indicator, which fell more than expected, to 0.2 from 0.5 in the month. Currently, the labor market is the center of attention.
Negative surprises can lead to significant losses of dollars. In November, it is expected that about 200 thousand jobs were created compared to 261 thousand in the month before, decreased to 1 0518 compared to 261 thousand in the month before, as a result of the fact that some European governments may cause serious demand, and this will require a tighter monetary policy than it would be it is necessary in case there was no need.
After reaching a maximum of 5 months 1. On the night of 2311, the index was trading mostly unchanged.
While the risk sensitivity index increased by 0, while the risk sensitivity index increased by 0.1. 2 – 0. 6824. decreased by 0.5% to 134.65, the yen is the most profitable Asian currency last week, falling by more than 3% to the maximum of the three – month period, as pressure decreased.
The yuan continued to strengthen due to hot rumors about the weakening of China’s tough policy against coronavirus, due to growing public discontent with restrictions, falling 0.1 to 7.0378.
The Rand recovered somewhat after it was announced on Thursday that the advisory group had discovered potential reasons for the refusal of the President of the South African Republic Cyril Ramaphosa due to the theft of 580 thousand US dollars.
In the rest of the countries, the rand decreased by 0.4 to 17.554. Due to its departure, reforms to stimulate economic development, stabilize state financial systems and fight corruption can be postponed.
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