lundi 6 avril 2015
Despite poor jobs data, dollar bulls keep the faith
Posted on 03:06 by nice news
Despite Friday's disappointing U.S. jobs numbers, the dollar will continue to rein supreme assuming the Federal Reserve looks on course to raise rates before year-end, analysts say.
"We saw this last year, when U.S. first quarter gross domestic product (GDP) disappointed," DBS senior currency strategist Philip Wee told CNBC. "So, we had corrections in the dollar and the Dow (Jones Industrial Average), but the dollar went up very strongly in the second-half of (2014)".
Weaker-than-expected U.S. jobs data on Friday put a pause on the dollar's seemingly unstoppable rally. Non-farm payroll came in at 126,000 in March, sharply below expectations for a 245,000 increase in a Reuters poll and marking the lowest reading since December 2013. The data saw the U.S. dollar index drop 0.78 percent to 96.76 on Friday.
Expectations that the Federal Reserve will raise interest rates against the backdrop of policy easing at many central banks around the world have seen the greenback surge. The U
"We saw this last year, when U.S. first quarter gross domestic product (GDP) disappointed," DBS senior currency strategist Philip Wee told CNBC. "So, we had corrections in the dollar and the Dow (Jones Industrial Average), but the dollar went up very strongly in the second-half of (2014)".
Weaker-than-expected U.S. jobs data on Friday put a pause on the dollar's seemingly unstoppable rally. Non-farm payroll came in at 126,000 in March, sharply below expectations for a 245,000 increase in a Reuters poll and marking the lowest reading since December 2013. The data saw the U.S. dollar index drop 0.78 percent to 96.76 on Friday.
Expectations that the Federal Reserve will raise interest rates against the backdrop of policy easing at many central banks around the world have seen the greenback surge. The U
Despite poor jobs data, dollar bulls keep the faith
Categories: Despite poor jobs data, dollar bulls keep the faith
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire