The US dollar (USD) quoted mixed during the night, with losses against TWD, THB and precious metals, but remained a large extent firmer in front of most currencies, including GBP, AUD, NZD and MYR. The DXY was for the last time at levels of 96.83, the FX analysts of OCCBC, Frances Cheung and Christopher Wong point out.
USD will quote weaker
“Rumors are heard that the markets are adjusting their positions before the US payroll data tonight and the long weekend (US markets closed by the independence day festive Before July 4.
“The big short -term approach is the US payroll report tonight (830pm SGT). The consensus expects NFP to slow down to 106K (compared to 139K above), the unemployment rate increases to 4.3% (compared to 4.2% previous) and the earnings per hour will slowly slow down 0.3% m/m (in front of 0.4% above). close to the overall. “
“Support in levels of 96.40, 96.10. Resistance at levels of 97.50/60, 98.10 (21 DMA). Technically, we warn that the fall of the USD could see a slower speed or even a pause in the interim. But, more widely, in the medium term, we are still waiting for the weakest cotice to Fed cuts cycle could focus on the second half of 2025. The unpredictability of the US policy and concerns about the ascending trajectory of debt and medium -term deficits should continue to undermine feelings and confidence in the USD. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
