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Original title: Lower than expected nonfarm employment data, dollar index fell slightly on 4
As the US non-farm employment data in November was significantly lower than expected and the market was bullish on the new round of fiscal stimulus measures from Congress, the US dollar rose against the euro, the yen, the Australian dollar and the British pound on the 4th, while the US dollar fell against the Swiss franc and the Canadian dollar. The US dollar index fell on the night market. It was weak and fluctuated during the intraday session and recovered in the afternoon. The US dollar index fell slightly at the end of the trading session.
The US dollar index, which measures the US dollar against six major currencies, fell 0.01% on the day and closed at 90.7090 in the late foreign exchange market.
Don Curren, market strategist at Cambridge Global Payments, said the key drivers of the forex market are likely to remain the two factors that have dominated transactions in recent days, namely the enthusiasm for the possible new round of measures. of fiscal stimulus by the United States Congress and the development of new crown vaccines. Enthusiasm for progress.
The Speaker of the US House of Representatives, Pelosi, said on April 4 that there is momentum in the negotiation of a new round of fiscal stimulus measures, and the proposal jointly proposed by the two parties may become the basis for the negotiations between the two parties.
Ulas Akincilar, head of online trading platform Infinox’s Trading Business, said that while the November US employment data released on the same day was weaker than expected, it was highly balanced employment data. The market expects the slowdown in the labor market to push the legislature to agree to introduce new fiscal stimulus measures to match the Fed’s monetary stimulus measures.
Data released by the US Department of Labor on the same day showed that the number of new jobs in the US nonfarm sector in November was 245,000, which was significantly lower than market expectations for 500,000 and the 610,000 revised in October. Among them, the number of new jobs in the private sector was 344,000, lower than the 590,000 expected by the market and 877,000 after the October review. The unemployment rate in the United States fell from 6.9% in October to 6.7% in November.
At the end of the New York FX market, 1 euro was converted to US $ 1.2136, which was less than US $ 1.2141 on the previous trading day; 1 British pound was converted to US $ 1.3442, which was less than US $ 1.3449 on the previous trading day; 1 Australian dollar was converted to 0.7437 US dollars, which was lower than the previous trading day. $ 0.7445.
1 US dollar was exchanged for 104.09 yen, up from 103.96 yen on the previous trading day; 1 US dollar was exchanged for 0.8904 Swiss francs, down from 0.8914 Swiss francs on the previous trading day; 1 US dollar was exchanged for 1.2781 Canadian dollars, less than the previous trading day 1.2855 Canadian dollars. (End up)
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Editor in charge: Qi Qiqi
