The dollar is falling ahead of corporate results

The dollar fell against most major currencies during the day, with the shift attention away from positive economic data and focus on the results of the companies in the first quarter, which begins to flow this week.

The dollar was supported by the US monthly payroll report, which showed the economy added 196,000 jobs last month - higher than the 172,000 forecast - as the unemployment rate stabilizes.

Investors are looking forward this week to the Federal Reserve meeting minutes as well as the ECB's decision and the comments of its president, Mario Draghi.

On the other hand, a bank "JPMorgan Chase" and "Wells Fargo" will reveal their results for the first quarter this week.

With regard to trade negotiations between Washington and Beijing, the two officials will hold meetings via video conference this week to discuss further overcome the obstacles to reaching agreement.

In terms of trading, the dollar index fell (in front of a number of major currencies) by the time 17:07 GMT by 0.4% to 97.01 points, the highest level at 97.4 points and the lowest level at 96.9 points.


Popular posts from this blog

FOREX-Dollar drops after U.S. retail data suggests economic slowdown

E&O posts 3Q net loss on forex loss, holding cost

FOREX-Euro's bounce fades as focus shifts back to economy, ECB policy