(Adds details about dollar, sterling contracts; adds table) Oct 2 Speculators increased bullish bets on the U.S. dollar, after hitting their lowest level in more than a year in the previous week, according to Reuters calculations and data from the ...
The U.S. dollar has maintained its position as the world's primary currency for decades now, a fact that has granted the country the top spot in all matters relating to international trade, global business economies, foreign exchange and geo-economics.
The Labour Department data showing just 142,000 jobs were created in the U.S. should be bad news for the Canadian economy and the dollar. After all, as our largest trading partner, Canada needs a growing U.S. and consumers with lots of spending power.
The US dollar faced a big test, and by first measures look as though it failed. In short, coming into the important resistance of the March 13th, 2015 range, we approached a big fundamental test of the USD with monthly payroll numbers.
This ought to make her remarks of particular interest for investors. If she joints the chorus of policymakers arguing for a 2015 rate hike - a group that seems encompass most FOMC voters (with the exception of Charles Evans) - the US Dollar may advance.