Home / forex / Against the yen, the euro slumped 0.4 percent to 117.53 after U.S. strike on Syria

Against the yen, the euro slumped 0.4 percent to 117.53 after U.S. strike on Syria

“The US labour market is fine – it doesn’t really matter if payrolls come in 10,000 or 15,000 higher or lower,” he said.
A weekly U.S. labour market report, due at 1230 GMT, is expected to show an increase of 180,000 jobs in March, according to economists polled by Reuters.
The rouble skidded around 1 percent <RUB=>, putting it on course for its biggest one-day falls in a month.
By 1115 GMT, though, it was up just 0.1 percent on the day at 110.68 yen per dollar.
The single currency hit a three-week low of $1.0626 <EUR=>, and earlier hit a 4 1/2-month low against the yen <EURJPY=>.

As it stated in

FOREX-Dollar slips vs yen after U.S. launches missile strike on Syria

Trump had said on Thursday that “something should happen” with Syrian President Bashar al-Assad after the poison gas attack in that country.
Market participants now await the outcome of talks between the U.S. and Chinese leaders, as well as the monthly jobs report that could back views for more U.S. interest rate hikes.
“Currency misalignment is different from currency manipulation and currency undervaluation,” the official said.
Currency policy was also in focus, after an administration official told Reuters that “misalignment” was seen as more significant than “currency manipulation” as a cause of trade deficits.
The air strike comes amid a summit between Trump and Chinese President Xi Jinping, and will add a new dimension to their talks.
Forex Dollar

As it stated in

FOREX-Dollar slips vs yen after U.S. missile strikes on Syria

Forex Dollar

Against the yen, the euro slumped 0.4 percent to 117.53 after dropping as low as 117.30 yen earlier, its deepest pit since late November.
U.S President Donald Trump said on Thursday he ordered missile strikes against a Syrian airfield from which a deadly chemical weapons attack was launched.
“The news of the attack on Syria, and the resulting risk averse mood, has overtaken the U.S. jobs report as the main focus of the day,” she added.
Currency policy was also in focus, after an administration official told Reuters that “misalignment” was seen as more significant than “currency manipulation” as a cause of trade deficits.
“Currency misalignment is different from currency manipulation and currency undervaluation,” the official said.

 

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