US dollar tanks on payrolls report - News Summed Up
US dollar tanks on payrolls report

US dollar tanks on payrolls report

December 03, 2016 16:03 UTC

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US dollar tanks on payrolls report


Reuters, NEW YORKThe US dollar on Friday fell broadly after posting gains the past three weeks as a solid, but not spectacular, US non-farm payrolls report stirred doubts about the path of rate increases next year. The US dollar index posted its first weekly fall in four weeks against a currency basket, but was still up 1.7 percent for the year. “I do think that the [US] dollar has another leg up, about 6-7 percent toward the 107, 108 level in the [US] dollar index,” he said. In late trading on Friday, the US dollar index fell 0.3 percent to 100.77. The NT dollar is up 0.06 percent from last week’s NT$31.942 per US dollar.


Source: Taipei Times December 03, 2016 16:03 UTC



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