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ForexLive Americas FX information wrap: Greenback shrugs off robust non-farm payrolls

Foreign exchange information for New York buying and selling on February 1, 2019:

Markets:

Gold down $Three.30 to $1318WTI crude up $1.50 to $55.29US 10-year yields up 6 bps to 2.69%S&P 500 up 2 factors to 2706CAD leads, JPY lags

Nonfarm payrolls had been a little bit of a puzzle. The institution survey confirmed large job creation however the family survey confirmed the alternative and a climbing unemployment charge. There have been revisions and surprises galore and the market did job of adjusting for that shortly.

Initially the US greenback rose however solely a few dozen pips. It shortly gave that again and was principally decrease, exterior of USD/JPY, which was up then continued to climb to 109.50 as yields rose.

USD/CAD fell instantly on a greater outlook for North America. Oil costs later rose almost Three% giving a second wind to the loonie and dropping USD/CAD to close a Three-month low at 1.3069 earlier than a late bounce to 1.3092.

Its commodity cousins weren’t so fortunate as yesterday’s AUD positive aspects unraveled in a slide all the way down to zero.7250 after an earlier pop to zero.7280.

Forex news for New York trading on February 1, 2019:


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