Forex tips: The dollar fell against the euro for a second straight day Thursday in cautious trade on the eve of the US March jobs report and a long Easter holiday weekend. The euro surged to $1.0879 around 2100 GMT, from $1.0760 late Wednesday. The greenback's weakness is "a bit counter-intuitive, because good data are coming out of the United States," including a drop in jobless claims and a rebound in factory orders, both unexpected. Traders were "taking up their positions in view of tomorrow's report on employment in the United States. Some were trimming their dollar holdings "in case the numbers are disappointing."Monday, April 6, 2015
Forex Updates for 6 April 2015
9:53 AM
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On: 9:53 AM
In: currency tips, Domestic forex, domestic forex tips, i fores tips, international forex tips
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Forex tips: The dollar fell against the euro for a second straight day Thursday in cautious trade on the eve of the US March jobs report and a long Easter holiday weekend. The euro surged to $1.0879 around 2100 GMT, from $1.0760 late Wednesday. The greenback's weakness is "a bit counter-intuitive, because good data are coming out of the United States," including a drop in jobless claims and a rebound in factory orders, both unexpected. Traders were "taking up their positions in view of tomorrow's report on employment in the United States. Some were trimming their dollar holdings "in case the numbers are disappointing."
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