(MENAFN– ecpulse)
American dollar showed positive moves against major currencies to record its highest levels since more than a month especially against euro and Japanese yen, while it’s highly expected to keep in high levels for a while, where financial markets are willing to boost dollar’s trades.
Improved employment data over the private businesses in the U.S. came better than estimated which boosted the job report outlook in the U.S., which boosted dollar’s trades amid the recent expectations that the Federal Reserve Bank will cut easing.
From another side, Euro and GBP showed a noticeable decline versus dollar and major currencies, where the European and Britain central banks set their interest rates at low record amid the current economic environment.
EUR/USD pair felt to its lowest levels in month at 1.2882 before recording high of 1.2904, while the GBP/USD pair fell also to 1.5026 after being traded near 1.2580 yesterday.
USD/JPY pair fell during today’s Asian session to record high of 100.45, while the EUR/JPY pair fell to record low of 128.82. GBP/USD pair fell to 150.28.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.