U.S. Dollar Edges Slightly Lower Ahead Of Jobs Data
04 Gennaio 2024 - 5:23PM
RTTF2
After moving notably higher over the past few days, the value of
the U.S. dollar has shown a modest move back to the downside during
trading on Thursday.
Reflecting the slight pullback by the greenback, the U.S. dollar
index is down by 0.10 points or 0.1 percent at 102.39.
The dollar is trading at 144.63 yen versus the 143.29 yen it
fetched at the close of New York trading on Wednesday. Against the
euro, the dollar is valued at $1.0948 compared to yesterday's
$1.0922.
The modest decrease by the dollar comes as traders look ahead to
the release of the Labor Department's closely watched monthly jobs
report on Friday.
Economists currently expect employment to increase by 170,000
jobs in December after jumping by 199,000 jobs in November. The
unemployment rate is expected to inch up to 3.8 percent from 3.7
percent.
Ahead of the Labor Department report, payroll processor ADP
released a report showing private sector employment in the U.S.
increased by more than expected in the month of December.
ADP said 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.
A separate report released by the Labor Department showed
first-time claims for U.S. unemployment benefits fell by much more
than expected in the week ended December 30th.
The Labor Department said initial jobless claims declined to
202,000, a decrease of 18,000 from the previous week's revised
level of 220,000.
Economists had expected jobless claims to edge down to 216,000
from the 218,000 originally reported for the previous week.
Grafico Cross NZD vs Yen (FX:NZDJPY)
Da Set 2024 a Ott 2024
Grafico Cross NZD vs Yen (FX:NZDJPY)
Da Ott 2023 a Ott 2024