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.
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
April 5, 2021
EUR/USD 1.1783 GBP/USD 1.3884 USD/CAD 1.2534 AUD/USD 0.7636 USD/JPY 110.44 USD/CNH 6.5712 USD/ILS 3.3156 USD/MXN 20.2552 USD/CHF 0.9401 USD/INR 73.3038 USD/BRL 5.6473 USD/SGD 1.3432 USD/DKK 6.3143 USD/SEK 8.7347 USD/NOK 8.5305
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.GBPThe pound rose to the highest level in two weeks following PM’s comments on reopening the economy following lockdown.EUREuropean markets are quiet as many businesses remain closed the Monday after Easter. The euro is little changed as lockdown concerns cap rallies.CADThe 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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