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Thursday, April 2, 2015

Dollar Falls Before Payrolls Report Traders Bet Won’t Sway Fed

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 6:51 PM No comments


The dollar fell for a second day before nonfarm payrolls data due Friday amid signs growth in the world’s largest economy may have lost momentum.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 of its peers, fell 0.6 percent to 1,191.23 at 4 p.m. New York time, after ending a four-day gain Wednesday. The gauge’s 6.2 percent advance in the three months ended March 31 was its biggest first-quarter increase in data going back to 2004.
The dollar weakened 1.1 percent to $1.0880 per euro, trimming its 2015 gain to 10 percent, and was little changed at 119.72 yen.
Source: Bloomberg

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