The post US Dollar retreats as markets gear up for presidential election appeared on BitcoinEthereumNews.com.

Here is what you need to know on Monday, November 4: The US Dollar (USD) stays under heavy selling pressure to start the new week as investors gear up for the presidential election on Tuesday. Factory Orders for September will be the only data featured in the US economic docket on Monday. During the European trading hours, November Sentix Investors Confidence data from the Eurozone and revisions to October HCOB Manufacturing PMI for Germany and the Eurozone will be watched closely by market participants. The USD Index ignored the disappointing labor market data on Friday and gained 0.4% on the day. The index, however, opened with a bearish gap and extended its slide to a fresh two-week low below 104.00. Meanwhile, US stock index futures trade marginally higher in the European morning on Monday. Nonfarm Payrolls (NFP) in the US rose by 12,000 in October, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 223,000 increase (revised from 254,000) recorded in September and missed the market expectation of 113,000 by a wide margin. “It is likely that payroll employment estimates in some industries were affected by the hurricanes; however, it is not possible to quantify the net effect on the over-the-month change in national employment, hours, or earnings estimates because the establishment survey is not designed to isolate effects from extreme weather events,” the BLS explained in its press release. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Australian Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.53% -0.53% 0.00% -0.15% -0.59% -0.22% -0.20% EUR 0.53%   -0.03% 0.12% -0.01% 0.25% -0.07% -0.06% GBP 0.53% 0.03%   -0.12% 0.02% 0.28% -0.04% -0.03% JPY…

---

Filed under: News - @ November 4, 2024 7:19 am