The dollar marked time in Asia on Monday after signs of wage pressure in the December U.S. jobs report proved enough to lift Treasury yields, but with bulls wary of a setback following last week's wave of profit-taking. A holiday in Tokyo kept trading light and the dollar index was barley changed at 102.22 . Near the middle of last week's wide 101.30 to 103.82 range. The dollar was a fraction firmer on the yen at 117.30, with near-term resistance put at 117.77 and support around 116.80/90.
It had already recovered all the way from a 115.06 trough on Friday, but remains well short of the next major chart target around 118.60. The euro was steady at $1.0534, after ricocheting between $1.0339 and $1.0621 last week. There were enough hints of inflationary pressure in Friday's mixed U.S. payrolls report to support the case for more interest rate hikes and reverse a down move in yields and the dollar.
For more SHARE/STOCK MARKET TRADING click here http://www.ripplesadvisory.com/free-trial.php
The dollar marked time in Asia on Monday after signs of wage pressure in the December U.S. jobs report proved enough to lift Treasury yields, but with bulls wary of a setback following last week's wave of profit-taking. A holiday in Tokyo kept trading light and the dollar index was barley changed at 102.22 . Near the middle of last week's wide 101.30 to 103.82 range. The dollar was a fraction firmer on the yen at 117.30, with near-term resistance put at 117.77 and support around 116.80/90. 
No comments:
Post a Comment