Tuesday's Major Currency Pairs Analysis: EUR/USD, GBP/USD, USD/JPY
ICM Brokers | Apr 07, 2015 04:00AM ET
EUR/USD
The euro pushed higher against the U.S. dollar on Monday after Dudley comment, but remained low at 1.0930 amid pressure on Friday disappointing U.S. employment data. New York Fed President William Dudley said that the timing of a future interest rate hike in the U.S. remains uncertain. His comments came after the release of weak U.S. nonfarm report.
GBP/USD
The pound edged lower on Monday, as weaker than expected U.S. employment data prompted investors to push back expectations for a rate hike in the U.S. to the end of the year. Trading activity was quiet as many investors away from their desks for the Easter weekend.
USD/JPY
The yen gained against the dollar on Monday with last week's U.S. jobs data expected to weigh in holiday-thinned trade. The dollar turned sharply lower against the yen on Friday after an unexpectedly weak U.S. jobs report saw investors push back expectations for a rate hike by the Federal Reserve to the end of the year from midyear.
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