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CCY - CCY Delayed Price. Currency in USD
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0.6788-0.0008 (-0.1154%)
As of 02:19PM GMT. Market open.
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Previous Close0.6796
Day's Range0.6766 - 0.6854
52 Week Range0.6176 - 0.7661

    Dollar in retreat; Payrolls release looms large

    The U.S. dollar edged lower in early European trade Friday ahead of the release of the widely watched monthly U.S. jobs report which could influence future Federal Reserve monetary policy. The dollar has been on the wane of late, having just recorded its worst month since 2010, as Federal Reserve Chair Jerome Powell largely cemented expectations that the U.S. central bank is set to cut back the size of its interest rate hikes at its meeting later this month, the so-called pivot. The U.S. jobs report is expected to show that about 200,000 jobs were added in November, down from 261,000 the prior month, and a downside surprise could prompt hefty dollar losses.


    Dollar slumps on Powell's comments; Yen benefits the most

    The U.S. dollar slumped in early European trade Thursday after Federal Reserve chair Jerome Powell pointed to smaller rate hikes ahead, boosting risk appetite to the detriment of this safe haven. "Moderating the pace of rate increases may come as soon as the December meeting," Powell said in a speech on Wednesday at the Brookings Institution event in Washington. USD/JPY fell 1.1% to 136.50, dropping to a three-month low as U.S. yields fell in response to Powell's comments, with the benchmark 10-year yield dropping to a near two-month low of 3.6%.