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Mexican Peso (MXN) rallies against the US Dollar (USD) during the North American session on Friday, although data from the United States (US) showed the labor market is not as soft as suggested by previously released data during the week.
The US Dollar (USD) is facing a blow from the Japanese Yen after Bank of Japan’s (BoJ) Chairman Kazuo Ueda signalled to the markets that a change in monetary policy is coming.
The US Dollar (USD) is rolling over and trades in the red after ADP numbers failed to add more US Dollar strength. The underperforming ADP numbers have triggered risk on in equities and see US yields decline further.
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the US Bureau of Labor Statistics (BLS).
The US Dollar (USD) traded flat on Monday, and the DXY index stands near 105.05, cushioned by a sour market mood and rising US bond yields.