FOREX-Dollar steadies after U.S. jobs report, focus shifts to ECB meeting

* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E

By Eimi Yamamitsu

TOKYO, Sept 7 (Reuters) – The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while traders shifted their focus to the European Central Bank’s meeting on Thursday.

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

In the immediate aftermath, the greenback rallied to its highest in a week at 93.242 against a basket of six major currencies on safe-haven buying, but later retraced its gains as U.S. stock indexes recovered.

The dollar index was little changed on Monday at 92.846. Foreign exchange trading was likely to be subdued as U.S. financial markets are

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FOREX-Dollar dips as market recovers from weak U.S. jobs data

* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E (New throughout)

By Kate Duguid

LONDON, Sept 4 (Reuters) – As risk assets recovered on Friday afternoon, the safe-haven U.S. dollar dipped, retracing gains made on safe-haven demand following a Labor Department report that job growth slowed further in August, threatening the economy’s recovery from the COVID-19 pandemic.

Employment slowed and permanent job losses increased as programs to help businesses pay wages have lapsed or are on the verge of ending. Economists credited government largesse for the sharp rebound in economic activity after it nearly ground to a halt following the shuttering of businesses in mid-March.

The dollar index rallied to its highest in a week following the report. But those gains were erased on Friday afternoon as U.S. stock indexes recovered after earlier hitting their lowest level in a month.

The dollar index was lower on the day, last trading down

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FOREX-Dollar holds tight ahead of key U.S. jobs data

* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E

* Analysts are bearish on U.S. dollar

* Aussie supported by retail sales data

* Traders await non-farm payrolls

By Stanley White

TOKYO, Sept 4 (Reuters) – The dollar steadied against major currencies on Friday as traders awaited key U.S. jobs data that will shed light on the strength of economic recovery from the coronavirus outbreak.

The euro was in focus before data on German industrial orders, which could provide more clues about the health of the euro-zone economy.

The greenback has managed to halt its recent slide, but analysts warn sentiment remains weak due to concern about the strength of U.S. economic growth and speculation that the Federal Reserve will keep rates low for a very long time.

“The dollar has rebounded against the euro and could continue to rise a little further,” said Junichi Ishikawa, senior foreign exchange strategist at

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FOREX-Dollar steadies before U.S. jobs data but sentiment weak

TipRanks

Well Fargo Says These 2 Stocks Could Rally Over 70% From Current Levels

This summer didn’t just see temperatures heat up. The S&P 500 has been on fire, with the index breaking record after record during the month of August and now sitting at 3,526.65 points.As its 2020 S&P 500 price target of 3,388 has been left in the dust, investment firm Wells Fargo is weighing in on where the market is heading. Christopher Harvey, head of equity strategy, writes in a recent note that “it does not appear the market is about to hit a wall,” noting that he doesn’t want “to leave the party too early.”“There is a growing perception that a COVID vaccine is a 1H21 event – and we need to price it in now. Fiscal/monetary accommodation is massive… Cash build-up provides additional ammo. This is why we have not pivoted defensively but are rotating

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FOREX-Dollar hunkers down before key U.S. jobs report

* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E

* Analysts are bearish on U.S. dollar

* Aussie supported by retail sales data

* Traders await non-farm payrolls

By Stanley White

TOKYO, Sept 4 (Reuters) – The dollar steadied against major currencies on Friday as traders awaited key U.S. jobs data that may cast doubt on the strength of economic recovery from the coronavirus outbreak.

The Australian dollar clawed back early losses and stabilised after the country’s retail sales accelerated in July, easing concern about the economy.

The greenback has managed to halt its recent slide, but analysts warn sentiment remains weak due to concern about the strength of U.S. economic growth and speculation that the Federal Reserve will keep rates low for a very long time.

“The dollar has rebounded against the euro and could continue to rise a little further,” said Junichi Ishikawa, senior foreign exchange strategist at IG

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