U.S. Dollar Advances In Cautious Trade
05 Ottobre 2022 - 09:34AM
RTTF2
The U.S. dollar climbed against its major counterparts in the
European session on Wednesday, as optimism over a slowdown in the
pace of the Federal Reserve's monetary policy tightening
receded.
U.S. treasury yields rose, with the benchmark yield on 10-year
note touching 3.71 percent. Yields move inversely to bond
prices.
The Reserve Bank of New Zealand delivered a 50 basis point hike,
dampening expectations for a softening of an aggressive stance by
central banks.
ADP will release private sector jobs report for September at
8:15 am ET. Economists expect private sector employment to increase
by 200,000 jobs in September, after a gain of 132,000 jobs in
August.
Friday's U.S. non-farm payrolls report could offer more clues on
the Fed's rate hike trajectory in the future.
The greenback advanced to 144.56 against the yen and 1.1360
against the pound, after declining to a 9-day low of 143.53 and
near a 3-week low of 1.1495, respectively in early deals. The
greenback is seen finding resistance around 146.00 against the yen
and 1.10 against the pound.
The greenback appreciated to 0.9911 against the euro and 0.9849
against the franc, off its early lows of 0.9995 and 0.9785,
respectively. The greenback is likely to find resistance around
0.96 against the euro and 1.02 against the franc.
The greenback edged up to 1.3599 against the loonie and 0.6460
against the aussie, from its prior lows of 1.3503 and 0.6526,
respectively. The greenback may face resistance around 1.38 against
the loonie and 0.62 against the aussie.
The greenback rose to 0.5706 against the kiwi, from near a
2-week low of 0.5805 seen in the previous session. If the currency
rises further, 0.55 is likely seen as its next resistance
level.
Looking ahead, ADP private sector employment data for September
is scheduled for release at 8:15 am ET.
U.S. and Canadian trade data for August and ISM
non-manufacturing composite index for September are set for release
in the New York session.
Grafico Cross US Dollar vs CHF (FX:USDCHF)
Da Ott 2023 a Nov 2023
Grafico Cross US Dollar vs CHF (FX:USDCHF)
Da Nov 2022 a Nov 2023
