Equity markets react to US jobs data, dollar eases

Markets are quiet following the Easter holiday and global equity markets are positioned to rise in reaction to Friday’s US jobs report. The US economy added more jobs than expected, and equity markets will react this morning as they were closed on Friday. The dollar eased slightly versus peers.

Economic Calendar

Monday: US Durable Goods

Wednesday: Japan BoP Current Account Balance, US Trade Balance

Thursday: US Jobless Claims, GE Factory Orders, FR Markit Services PMI

Friday: GE Industrial Production, CA Unemployment, US PPI

  • FX Rates
    April 5, 2021

    Rates are not real time. Rates are today's indicative mid-market rates as of time of publishing, which may vary. Please contact SVB for a current quote.


  • USD

    The dollar eased slightly versus G-10 peers as risk sentiment improved following Friday’s blowout job numbers. Trading volumes are muted following the Easter holiday. The Biden administration continues to try to rally public support for the $2.25T infrastructure plan.

    GBP
    The pound rose to the highest level in two weeks following PM’s comments on reopening the economy following lockdown.
    EUR
    European markets are quiet as many businesses remain closed the Monday after Easter.  The euro is little changed as lockdown concerns cap rallies.
    CAD
    The Canadian dollar advanced versus the US dollar as equity markets follow a risk-on tone. Traders await March jobs data due out this week.
    ASIA/PACIFIC

    The Japanese yen improved slightly on exporter selling. The pair sits above the 50, 100, and 200 DMA.

    China, Hong Kong and Taiwan markets are closed today.

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Kathryn Garvey
WRITTEN BY
Kathryn Garvey

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