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Dollar near one-week low ahead of U.S. jobs data | Hellenic Shipping News Worldwide


Dollar near one-week low ahead of U.S. jobs data
The dollar was stuck around a one-week low on Friday, under pressure ahead of U.S. jobs data that is expected to underpin hopes for a strong post-pandemic economic recovery and to increase investor risk appetite.
Against a basket of major currencies, the dollar index was at 90.841, down less than 0.1% on the day at 0728 GMT. It was on track for a loss of around 0.5% on the week overall, having seen its worst day in nearly two weeks on Thursday.
U.S. payrolls data is due at 1230 GMT and is expected to show that employers hired nearly a million workers in April, as they rushed to meet a surge in demand unleashed by the reopening of the economy and massive financial help from the government. ....

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Dollar steadies near seven-week lows; euro holds above $1.20


Dollar steadies near seven-week lows as interest rates hold
By David Henry
FILE PHOTO: U.S. dollar banknote is seen in this picture illustration
NEW YORK (Reuters) – The dollar steadied on Tuesday amid a mix of gains and losses against major currencies as interest rates in the United States moved in a tight range and the outlook for vaccinations in Europe improved.
After touching its lowest level in nearly seven weeks in Asia trading, the dollar index steadied in Europe and was flat in the morning in New York at 91.0160, down 0.02%.
The euro rose 0.15% to $1.2053 and the British pound backed off 0.12% to $1.397 after gaining 1% on Monday. ....

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Rand rises on J&J vaccine plans, stocks near record high


Rand rises on J&J vaccine plans, stocks near record high
Reuters > By Reuters - 09 February 2021 - 11:31
The rand rose 0.5% on Tuesday.
Image: 123RF/LEON SWART
The rand and Russia s rouble led gains across currencies in Europe, the Middle East and Africa (EMEA) on Tuesday.
The rand rose 0.5%, as the country looked to start a vaccination campaign with Johnson & Johnson s Covid-19 vaccine after data showed AstraZeneca s shot offered minimal protection against mild-to-moderate illness from the dominant local virus variant.
Most emerging market currencies strengthened and stocks neared record highs as investors weighed the effects of a prospective R28,10 tln ($1.9 tln) U.S. stimulus package on bond yields and the dollar. ....

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