Currency – The dollar remains down on figures


The dollar remains down on figures

Investing.com – The dollar remains lower on Thursday after rising the previous day on the us data and the minutes of the meeting of the Federal Reserve.

Jobs private non-farm u.s. increased from 250,000 in December, above the forecast of economists, according to figures released by ADP on Thursday.

In a report, the Department of Labor has indicated that the number of individuals having recourse to unemployment assistance during the week leading up to the December 30, grew from 3,000 to 250,000.

The u.s. dollar found support after the minutes of the Federal Reserve, showed that officials have discussed a reduction of taxes, which could require an increase in interest rates at a faster pace in 2018.

The Fed has scheduled three rate hikes this year and two more by 2019.

Higher interest rates boost the dollar, making the currency more attractive to investors in search of yield.

The markets are now oriented towards non-agricultural employment due Friday.

The index dollar, which measures the greenback’s strength against a basket of currencies, gave up 0.22% to 91.69 at 91.83 at 08:35 a. m. AND (12:35 GMT).

The euro and the pound remain up with the EUR/USD up 0.37% at 1.2059 and the GBP/USD up 0.17% to 1.3538.

Earlier on Thursday, figures showed that consumer credit in the Uk has slowed to its lowest level since 2015 during the three months leading to November, while activity in the services sector increased in November.

The yen declined with USD/JPY up 0.26% to 112.79 while the USD/CHF sliding 0.16% to 0.9757.

Elsewhere, the australian dollar declined, with the AUD/USD down 0.11% to 0.7826, while NZD/USD gaining 0.34% to 0.7115.

In the meantime, the USD/CAD is unchanged at 1.2534.

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