Forex Analysis: USDX-EURO-EURGBP CROSS RATES-LIVE
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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK
POUND STERLING
Growth in the UK construction sector showed a further slowdown last month according to the PMI construction survey released this morning. The figure represents the lowest reading since the turn of the year. Following on the coat tails of yesterday’s data which showed that the UK manufacturing sector is contracting, today’s building sector data was particularly bad news for Sterling. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6249
As often seems to be the case, this afternoon’s Non-Farm Payroll figure caused massive price action for the Greenback at the time of its release. When it came, the figure severely disappointed analysts, showing that only 17,000 new jobs were created last month in the non-farm sectors of the world’s leading economy. The figure immediately caused investors to move out of stocks and into defensive bond plays, which is likely to see the US Dollar gain ground as this week’s session draws to a close. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
EURO
Forex Software and What You Need to Know About It | Asoc. de Padres
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