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Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

U.S. Non-Farm Private Employment Rises Less Than Expected

Published August 2, 2017
  • Deepening political turmoil in the White House continues to weigh on the U.S. dollar, although the greenback trimmed its losses against the Canadian dollar, despite U.S. nonfarm private employment rising less than expected
  • USD/CAD eased up to trade at 1.2570 today after hitting a five-week low of 1.2412 on Tuesday
  • Euro climbed to fresh 30-month highs against the broadly weaker dollar today reaching 1.1868 before pulling back down to 1.1830 by 8:30AM EST
  • Oil shakes bearish headlines today, as investors and traders took advantage of earlier losses and pushed the price back towards $52 and this week’s eight-week highs, though still down on the day