Dollar Pressured Before Payrolls Shed Light on Fed Rate Path (News: 03/06/16)
Today’s Press
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Dollar Pressured Before Payrolls Shed Light on Fed Rate Path
A gauge of the dollar is set for its first weekly decline since April as traders await a U.S. jobs report Friday that will help determine whether the Federal Reserve will raise interest rates as soon as this month.
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The chase is on as investors find creative ways to bet against yuan
Investors are piling up bets to profit from a fall in the Chinese currency with a variety of creative strategies, raising the risk of a fresh bout of yuan volatility that churned global markets just a few months ago.
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World stocks near one-month high; U.S. jobs data eyed
World shares advanced towards their highest level in a month on Friday, although investor wariness over rising prospects of a near-term Federal Reserve rate hike subdued activity as traders awaited U.S. jobs data later in the day.
Next Trading Day’s Important Events
- 12:30 (GMT+3) NFP
Forex Quotes:
- USDJPY: 107.87
- EURUSD: 1.1260
Indices:
- S&P 500: 2,105.26
- NASDAQ : 4,971.36
Source:: Dollar Pressured Before Payrolls Shed Light on Fed Rate Path (News: 03/06/16)