FXStreet (Córdoba) - The US dollar finished higher across the board in Thursday ahead of the holiday on the back of a strong employment report in the US that surpassed expectations. The Canadian dollar was the best performer.

The EUR/USD fell from 1.3650 to 1.3600 while the USD/CHF jumped to 0.8940, hitting 1-week highs affected by the ECB and Draghi’s press conference. The Pound fell slightly against the US dollar but rose versus the other European currencies reaching fresh highs for the year.

Among commodity currencies the Aussie plummeted across the board. The Australian dollar weakened during the Asian session and extended losses afterwards. The Loonie was the opposite and soared. The USD/CAD reached new 6-month lows at 1.0619 but then bounced slightly to the upside. The AUD/USD ended below 0.9350, the lowest close since June 26.

The >USD/JPY rose again and broke above 102.00 after employment numbers from the US, hitting at 102.26 the highest price since June 28. The Japanese currency fell in the market as stocks ended higher in Wall Street and Europe, with the Dow Jones above 17,000.

Among economic data, the US trade deficit shrank in May to $44 billion while initial jobless claims rose by 2,000. The main report was the NFP that showed that the economy added 288.000 jobs in June above the 200.000 expected and the unemployment rate fell to 6.1%. “Once again we received another piece of the economic puzzle that indicates economic growth is far better than the negative Q1 GDP report indicates”, the Wells Fargo Research Team said in a report.

Main headlines in the American session

EUR/USD consolidates above 1.3600

GBP/USD relentless and eye’s 1.7200

EUR/USD staves off a positive NFP’s number - FXStreet

Wall Street closes with strong note; Dow above 17,000

EUR/GBP falls to 0.7930, fresh 21-month low

USD/JPY extends advance to 2-week high at 102.25

US: PMI Services rises to 61 in June

ECB modifies meeting cycle, will start publishing minutes

US job report: Strong job gains in June but wage growth remains subdued

Related Articles
  1. Forex Education

    Four Currencies Under the Spotlight in 2016

    With currencies having become the “tail that wags the dog,” in terms of their impact on the global economy, these four currencies will be under the spotlight in 2016.
  2. Forex Fundamentals

    These Currencies Are The Biggest Losers Of The Stock Downturn

    Here’s a list of the hardest-hit currencies amid the global stock market mayhem.
  3. Forex Strategies

    Will the Euro Continue to Rally? (EUO)

    The euro is rallying. Should investors chase this performance or is the real opportunity on the other side of the trade?
  4. Investing News

    China’s Forex Reserves Dropped Significantly

    China’s forex​ reserves dropped by a record $93.9 billion at the end of August to $3.56 trillion because the Central Bank has been selling dollars to provide a cushion to the falling yuan​
  5. Forex

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  6. Forex Fundamentals

    Chinese Yuan an Unlikely Reserve Currency

    As the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
  7. Economics

    How Currency Enforcement Helped Sink The Trans-Pacific Partnership (TTP)

    One particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
  8. Forex

    Top U.S Forex News Sites

    Breaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
  9. Investing

    Financial News Comparison: Bloomberg Vs. Reuters (BAC, GOOG)

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  10. Economics

    Who Benefits From South Korea's Lowered Interest Rates?

    South Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
Trading Center