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| Dollar Index, four-hour chart, source:FXstreet.com |
cf. [EUR] Euro expected to Though Iranian Attack 2020 0109
cf. [EUR] U.S. Attack and Euro's Hope to Rising 2020 0106
cf. Expecting Euro and Sterling to Rise 2019 1230
Dollar Index or USDX, dollar's price against the basket of major six currencies lowers its peaks and is expected to drop in next week. USDX finished the week with 97.37 and is forecasted retreat to 96.5x, previous bottom.
Non-Farm Payrolls released on Friday was worse than expected and previous record, and dollar index fell 0.06 percent to 97.37. It rose 0.5 percent in the week.
Non-Farm Employment Change in December was expected 162 thousands increasing which was 256 thousands in November. But it increased 145 thousands in last month.
Thought non-farm payrolls decreased, unemployment rate has kept 3.5 percent historical low in fifty years. It support the U.S. economy is still good.
The recent military tension between the United States and Iran boosted the price of safe-haven assets and oil. But US President Donald Trump and his counterpart remain cool, so military tension is entering a calming phase, and surged price retreat.
U.S. did airstrike to kill Iranian No. 2, Qassem Soleimani. And Iran has vowed retaliation.
Risk appetite is gradually recovering, and euro rose against greenback.
A Forex strategist said, Dollar-long position was still available but investors needed to watch whether it fades away.
The sign of first-step trade deal between top two economy entities is hold on next Wednesday, market participants expect. It is reportedly, the first-step deal will support strong dollar.
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