The U.S. dollar is expected to extend losses on Thursday after another batch of
weaker-than-expected data releases for November in the U.S., says UniCredit. The
Italian bank expects EUR/USD to breach again above 1.11 on Thursday, with the
pair trading last up 0.1% at 1.1093, having reached a one-month high of 1.1114
on Wednesday, according to FactSet. The ADP survey revealed Wednesday U.S.
private sector employment added only 67,000 jobs, the smallest increase since
May. This together with a below-forecast ISM non-manufacturing PMI survey at
53.9, dragged the U.S. dollar lower. "EUR/USD breached the 1.11 handle and
consolidation back above this level is likely to continue today," UniCredit
says. The DXY US Dollar index is last down 0.1% at 97.5130.(
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