U.S. Dollar Down Amid Soft ADP Data; Powell's Speech In Focus
30 Novembre 2022 - 11:27AM
RTTF2
The U.S. dollar was lower against its most major opponents in
the European session on Wednesday, as the nation's private sector
job growth slowed more than expected in November and investors
focused on a speech by U.S. Federal Reserve Chair Jerome Powell for
more clues about the future path of monetary policy.
Data from the payroll processor ADP showed that private sector
employment increased by 127,000 jobs in November after surging by
an unrevised 239,000 jobs in October.
Economists had expected employment to jump by another 200,000
jobs.
Powell is scheduled to deliver a speech about the economic
outlook and inflation at the Brookings Institution at 1:30 pm
ET.
The Fed chair is expected to reinforce expectations for a slower
pace of rate hikes from December amid signs that U.S. inflation is
peaking.
The greenback was down against the euro, at 1.0392. Next key
support for the greenback is possibly seen around the 1.05
level.
The greenback edged down to 0.9483 against the franc, from an
8-day high of 0.9547 set at 1:45 am ET. The currency may challenge
support around the 0.92 region, if it drops again.
The greenback dropped to 1.2029 against the pound, from a 2-day
high of 1.1942 seen at 6:40 pm ET. The greenback is seen finding
support around the 1.22 level.
The greenback fell to 1.3496 against the loonie, 0.6250 against
the kiwi and 0.6741 against the aussie, from its prior highs of
1.3594, 0.6189 and 0.6670, respectively. The next possible support
for the currency is seen around 1.32 against the loonie, 0.64
against the kiwi and 0.69 against the aussie.
In contrast, the greenback firmed against the yen, touching a
6-day high of 139.68. The greenback is likely to find resistance
around the 142.00 level.
At 1:30 pm ET, Federal Reserve Chair Jerome Powell will deliver
a speech about the economic outlook, inflation, and the labor
market at the Brooking Institution, in Washington DC.
Grafico Cross US Dollar vs Yen (FX:USDJPY)
Da Set 2024 a Ott 2024
Grafico Cross US Dollar vs Yen (FX:USDJPY)
Da Ott 2023 a Ott 2024
