Logo-color Logo-white

Dollar rebounds broadly in early US session following stronger-than-expected employment data. Despite a slight uptick in unemployment rate, robust headline job growth and wage increases highlighted the US job market’s continued tightness. This suggests that Fed should remain cautious about premature policy easing. In reaction to the data, US futures tumbled significantly, pointing to a […]

The post Strong NFP Report Propels Dollar and Drags Risk Sentiment appeared first on Action Forex.

previous

Sluggish Forex Markets on Hold for Direction from US Non-Farm Payrolls

next

Euro Tumbles Amid Political Uncertainty, Market Eyes FOMC Dot Plot and US CPI This Week

Read More

Yen Strengthens on BoJ Ueda, Swiss Franc Hits Highs, Dollar Struggles
28/12/2023

Yen Strengthens on BoJ Ueda, Swiss Franc Hits Highs, Dollar Struggles

Japanese Yen soars broadly in Asian session today, likely in delayed reactions to comment made by BoJ Governor Kazuo Ueda. Speaking to NHK, Governor Ueda indicated that the chance of moving the short-term interest rate out of negative territory in 2024 was “not zero.” This remark marks a notable shift in tone from the central […]
Yen Climbs as Markets React to BoJ Ueda’s Talk and China’s Import Contraction
07/12/2023

Yen Climbs as Markets React to BoJ Ueda’s Talk and China’s Import Contraction

Yen and Dollar strengthened notably in Asian session today, amid a backdrop of risk aversion that’s reflected in the continued downturn in Hong Kong’s stock market and softness in Japan. A key factor impacting market sentiment is the unexpected slump in China’s imports, including the decline in crude oil imports – the first such annual […]
Swiss Franc Plummets After SNB Rate Cut, Sterling Weakens Following BoE Hold
20/06/2024

Swiss Franc Plummets After SNB Rate Cut, Sterling Weakens Following BoE Hold

Swiss Franc is currently the worst performer today, plummeting after SNB delivered a rate cut for the second consecutive meeting. In addition to the rate reduction, SNB lowered its inflation forecast across the board. Nevertheless, Franc’s selloff has been relatively restrained. Notably, SNB did not mention the recent sharp appreciation of the Franc in its […]