Stimulus tools such as the Fed's USD85 million in monthly asset purchases weaken the dollar to spur recovery, and talk of their dismantling — often the product of improving U.S. data — can strengthen the greenback.
In U.S. trading on Thursday, EUR/USD was down 0.66% at 1.3120.
The Institute of Supply Management reported earlier that its U.S. non-manufacturing purchasing managers' index hit a 29-month high of 58.6 in August from 56.0 in July.
Analysts were expecting the index to fall to 55.0 last month.
The numbers sparked demand for the dollar by fueling sentiments that the Federal Reserve may announce at its Sept. 17-18 policy meeting plans to begin winding down its USD85 billion in monthly bond purchases, which weaken the greenback to spur recovery.
Better-than-expected economic indicators out of the manufacturing and labor market bolstered dollar demand as well.
Official data showed that U.S. factory orders fell 2.4% in July, less than an expected 3.3% decline, following an upwardly revised 1.6% rise the previous month.
The Department of Labor, meanwhile, reported that the number of individuals filing for initial jobless benefits in the week ending Aug. 30 fell by 9,000 to 323,000, outpacing forecasts for a decline of 2,000.
Investors took in stride an ADP report showing that 176,000 jobs were created in the U.S. private sector in August, less than an expected 180,000 increase after a downwardly revised 198,000 rise the previous month.
Meanwhile across the Atlantic, the European Central Bank earlier left benchmark interest rates unchanged at 0.50%, in line with expectations.
The euro came under pressure after European Central Bank President Mario Draghi told a press conference that monetary policy will remain loose for as long as necessary, adding that interest rates should remain at present or possibly lower levels for an extended period of time.
Also in Europe, Germany reported that the country's factory orders dropped 2.7% in July compared to expectations for a 1% decline and following an upwardly revised 0.5% rise in June.
The greenback was up against the pound, with GBP/USD down 0.23% at 1.5588.
The Bank of England held its benchmark interest rate at 0.50% and kept the size of its asset-purchasing program unchanged at GBP375 billion, in line with expectations.
The dollar was up against the yen, with USD/JPY up 0.38% at 100.13, and up against the Swiss franc, with USD/CHF trading up 0.99% at 0.9446.
At the end of its two-day policy meeting, the Bank of Japan said it was sticking to its commitment to expand the country's monetary base at an annual pace of JPY60 trillion to JPY70 trillion, leaving policy unchanged.
The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.10% at 1.0505, AUD/USD down 0.46% at 0.9132 and NZD/USD trading down 0.19% at 0.7891.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.56% at 82.67.
On Friday, the U.S. is to round up the week with closely watched government data on nonfarm payrolls and the unemployment rate, as well as data on average hourly earnings.
Investing.com - Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com or Follow us on Twitter at @ InvestingCom
Anda sedang membaca artikel tentang
Forex - Dollar gains on advancing U.S. labor, service-sector data
Dengan url
http://efektifkesehatan.blogspot.com/2013/09/forex-dollar-gains-on-advancing-us.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Forex - Dollar gains on advancing U.S. labor, service-sector data
namun jangan lupa untuk meletakkan link
Forex - Dollar gains on advancing U.S. labor, service-sector data
sebagai sumbernya
0 komentar:
Posting Komentar