The USD is the best performing G10 currency on a five-day view. As Jane Foley, Senior FX Strategist at Rabobank notes, investors will be keeping a close eye on this week’s releases of the ADP employment survey, initial claims and the ISM employment component. On the assumption that these releases do not deter the market from its bullish expectations surrounding the US labour report on Friday, it seems likely that the USD will remain well supported against a large basket of currencies near-term. Key quotes “The market is in danger of pricing in too much inflation risk. Assuming that the Fed retains a cautious view and that this is justified by economic data releases, there is scope for some of the enthusiasm that has been supporting the USD to be reined back over the coming quarter or two.” “While we see scope for the USD to soften in the months ahead, upside may have further to run in the short-term. For sure, in a week when the market is feeling so optimistic about the forthcoming payrolls release, it seems very likely that the greenback will find strong support.” “The 93.00/93.20 area is the next psychological resistance for the DXY dollar index.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY jumps to one-year tops, further beyond 110.00 mark FX Street 8 months The USD is the best performing G10 currency on a five-day view. As Jane Foley, Senior FX Strategist at Rabobank notes, investors will be keeping a close eye on this week's releases of the ADP employment survey, initial claims and the ISM employment component. On the assumption that these releases do not deter the market from its bullish expectations surrounding the US labour report on Friday, it seems likely that the USD will remain well supported against a large basket of currencies near-term. Key quotes "The market is in danger of pricing in too much inflation risk. Assuming that the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
