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2 Aug 2013
Session Recap: USD falls after NFP
FXstreet.com (Córdoba) - The dollar slumped across the board during the American session as a weaker-than-expected US employment report raised doubts on the Federal Reserve’s timeline for slowing asset purchases.
The NFP report, which showed a 162000 gain versus 184000 expected, was particularly disappointing following upbeat ADP and jobless claims data seen earlier this week. Nevertheless, the unemployment rate dropped to 7.4%, which prevented the USD to fall further.
Even though the greenback managed to trim part of its losses, it remains on track to close the day with losses versus its European peers and the yen, but slightly higher against commodity currencies.
Less than an hour ahead of the weekly close, EUR/USD was at 1.3280. GBP/USD was at 1.5285 and USD/JPY at 98.95. Currencies linked to commodities were lower, with USD/CAD at 1.0390 and AUD/USD at 0.8895.
Main Headlines in America:
US: Nonfarm payrolls up 162K in July
US: Personal Income grows 0.3% in June
US: ISM New York Index rises to 67.8 in July
US: Factory Orders increase less than expected in June
Precious metals sail higher after US data, crude breaches 107.00
The NFP report, which showed a 162000 gain versus 184000 expected, was particularly disappointing following upbeat ADP and jobless claims data seen earlier this week. Nevertheless, the unemployment rate dropped to 7.4%, which prevented the USD to fall further.
Even though the greenback managed to trim part of its losses, it remains on track to close the day with losses versus its European peers and the yen, but slightly higher against commodity currencies.
Less than an hour ahead of the weekly close, EUR/USD was at 1.3280. GBP/USD was at 1.5285 and USD/JPY at 98.95. Currencies linked to commodities were lower, with USD/CAD at 1.0390 and AUD/USD at 0.8895.
Main Headlines in America:
US: Nonfarm payrolls up 162K in July
US: Personal Income grows 0.3% in June
US: ISM New York Index rises to 67.8 in July
US: Factory Orders increase less than expected in June
Precious metals sail higher after US data, crude breaches 107.00