See also
The U.S. dollar bounced back against its major counterparts during the New York session on Thursday, as stronger-than-expected ADP private payrolls data for December reduced possibility of early rate cuts by the Federal Reserve.
Data from payroll processor ADP showed that private sector employment climbed by 164,000 jobs in December after rising by a downwardly revised 101,000 jobs in November.
Economists had expected private sector employment to grow by 115,000 jobs compared to the addition of 103,000 jobs originally reported for the previous month.
On Friday, the Labor Department is scheduled to release its more closely watched report on the employment situation in the month of December.
Nonfarm payrolls are projected to rise by 150,000 jobs, down from 199,000 jobs in November. The jobless rate is forecast to rise to 3.8 percent from 3.7 percent in the previous month.
The greenback advanced to more than 2-week highs of 144.84 against the yen and 0.6697 against the aussie, off its early lows of 142.85 and 0.6759, respectively. The greenback is poised to find resistance around 148.00 against the yen and 0.64 against the aussie.
The greenback recovered to 0.8528 against the franc and 1.2664 against the pound, from its early 2-day lows of 0.8477 and 1.2729, respectively. The greenback may find resistance around 0.90 against the franc and 1.24 against the pound.
The greenback bounced back to 1.0932 against the euro and 0.6221 against the kiwi, reversing from its early 2-day lows of 1.0972 and 0.6285, respectively. The next possible resistance for the currency is seen around 1.06 against the euro and 0.60 against the kiwi.
The greenback moved up to 1.3366 against the loonie, up from an early session's low of 1.3316. On the upside, 1.37 is possibly seen as its next resistance level.
Our new app for your convenient and fast verification
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
