Dollar hits new 31-month low
U.S. stocks are seen opening mixed Thursday, pausing around record highs as investors await more fresh news on Covid-19 vaccines and potential fiscal stimulus.
USD/JPY: supported by the NFP
Information is not investment advice
The NFP numbers were better than expected: 20.5mln jobs were cut against the 22mln estimate, with a 14.5% unemployment rate beating the forecast of 16%. As scary as they are, these figures are the best possible scenario, and the USD/JPY took that as such.
From the support at 106.33, the currency pair rose straight to 106.64, breaking the resistance of the 100-MA and 200-MA. The latter will likely serve now as a support level at 106.60 checking how firm the USD/JPY established itself at a higher base. If the market receives further positive news, it will likely push the USD/JPY back down in favor of riskier inclinations of investors.
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Dollar hits new 31-month low
U.S. stocks are seen opening mixed Thursday, pausing around record highs as investors await more fresh news on Covid-19 vaccines and potential fiscal stimulus.
EUR/GBP: Bullish trend remains strong
A tentative mood was seen in Asia-Pacific bourses following the flat performance on Wall Street, whilst Chinese Caixin Services PMI printed its second-highest reading in a decade.
EUR/AUD looks down
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