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The US Dollar Fell Against The Euro And The Australian Dollar.

2016/3/5 14:36:00 18

US DollarEuroAustralian Dollar

The rise in the US dollar has come to an end.

An index tracking the performance of the US dollar against the ten largest rivals fell to its lowest level in four months, due to the unexpected drop in US salaries in February. The impact of wage decline has exceeded the effect of the strong growth of new jobs.

On Friday in New York, the US dollar fell, and the US's non farm employment report was mixed.

Federal Reserve

It will soon increase interest rates again.

Despite the rise in the number of jobs, the dollar rose, but the rally quickly reversed, and the euro rose to $1.1042 a day, the highest in a week.

The US dollar fell against the euro and the Australian dollar.

At the end of New York's foreign exchange market, the euro rose 0.4% to 1.1003 dollars against the dollar.

The Australian dollar rose 1.1% to $0.743, due to rising commodity prices.

The US dollar edged up 0.2% against the yen to 113.93 yen as investors increased interest in risky assets.

The acceleration of hiring by US employers in February shows that despite the financial market turmoil and the weakness of overseas economies, US economic growth remains stable.

But the average hourly wage and salary level declined.

Some market participants believe that

salary

The rise indicates a rise in consumer prices, which may raise the Federal Reserve's interest rate hikes.

Falling interest rates often put pressure on the US dollar.

The dollar has shown some strength before it is reversed now, and Friday's report has raised concerns about whether wage growth can continue.

In December 3rd, traders were forced to buy back the euro quickly because of Europe.

Central Bank

The scale of stimulus measures announced at the policy meeting was less than expected and disappointed the market.

Analysts said the scene was reproduced on Friday, and traders refunded the euro's short positions before the ECB meeting in March 10th.

In the early December, investors were bitten bitterly, prompting investors to make up their short positions today.

The dollar also weakened against some emerging market currencies.

The US dollar fell to 1.1% to 3.7566 Real against Brazil Real.

It has been reported that the corruption investigation of Petroleo Brasileiro has extended to former president Lewis Luiz Brasileiro Lula Da Silva, and Real has risen to the top of the Brasileiro Luiz.

Meanwhile, the US dollar fell to 0.4% yuan to RMB 6.5057 yuan.

The Chinese market rose this week after China's central bank lowered its deposit reserve ratio by 0.5 percentage points, and estimated that it would release RMB 700 billion yuan to the bank for lending.

The central bank made this easing policy before the convening of the NPC session this weekend.

The euro has hit a one week high before the US employment report, because the market thinks the euro has digested the European Central Bank's expectation of further easing next week.

The euro continued to rise in the afternoon trading, which continues to benefit from the above view.


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