country flagالعربية

Dollar fell against major currencies on the last day of weekly trading

2019-04-19 09:39 am | Resource: News | No Views : 173

Dollar fell against major currencies on the last day of weekly trading

 Dollar traded against the major currencies during the last trading day as unemployment claims fell to a half-century low,

Unemployment Claims Decline

The labor market has challenged expectations and once again demonstrated a continuing strength, reinforcing other areas of the economy. The rise in retail sales last month may be partly due to the health of the labor market, which encourages consumer spending.
  • The number of Americans applying for unemployment benefits dropped to a lowest point in 49 years last week, reaching 192,000.
  • The four-week moving average also declined, with 6,000 places dropping to 202,150.
  • The number of Americans applying for 5,000 jobs dropped to 192,000, the lowest level since September 1969.
  • The previous week's data was adjusted upward by 1000 to 197,000.
  • Market expectations were rising claims to about 205,000.

On the other hand, European and American markets are on a public holiday as many stock markets around the world, including stock exchanges in the United States, Canada and India, closed off on a public holiday on the occasion of Good Friday.
The bourses in the United Kingdom, Germany, Italy, France, Hong Kong and Australia are closed Friday and will continue until Easter next Monday, to resume trading on Tuesday.

Lavrov: US undermines the status of the dollar in the long term

Russian Foreign Minister Sergei Lavrov claimed on Friday that the United States was putting the dollar's long-term position at risk by using the currency in the short term. He also accused Washington of obstructing trade cooperation between the two countries for political reasons, and pointed to US opposition to the project of the gas pipeline Nord Stream 2 as an example.

Last October, Russian President Vladimir Putin expressed his support for the so-called "de-polarization" plan designed to limit Russia's exposure to future US sanctions by moving away from dealing with the US currency internationally. According to the plan, Russian companies will carry out international business using the Chinese ruble, euro and renminbi instead of the dollar, although they will not give up the entire US currency.

Earlier this year, Russia turned about $ 100 billion into the Japanese yen, the Chinese yuan and the euro, reducing its dollar reserves from 46% to 22%.

Dollar trading against currencies
  • The dollar index was down 0.10%, settling at 97.35.
  • The euro rose against the dollar at 1.1243 levels, as the dollar dropped 0.11%.
  • Against the Pound, the greenback was down 0.12% at $ 1.3001.
  • The Yen rose against the Dollar at 111.92. The greenback is trading down 0.06%

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.