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The dollar is inactive after the release of data, investors are waiting for a report on employment



The US dollar is trading at zero momentum due to the cautious sentiment of investors expecting a monthly report on employment in the US after a series of sluggish data that questioned the Fed's rate hike in December.



01.Sep.17 2:49 PM
By Daria Zaytseva
Photo Toinnov.com

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The dollar is inactive after the release of data, investors are waiting for a report on employment

The dollar index as a whole shows zero dynamics to the basket of six major currencies, to 8.57 GMT the index was 92.741 points, slightly declining over the week. Nevertheless, the indicator is confidently holding above the 2.5-year low noted this week due to the tense geopolitical situation around North Korea.

Japanese Finance Minister Taro Aso said on Friday that he canceled the trip to the US because of uncertainty in the national security after Pyongyang launched a missile over Japan on Tuesday.

In relation to the yen, the dollar rose by 0.1 percent to 110.04 yen, adding 0.6 percent in a week.

The US currency was pressured and comments by US Treasury Secretary Steve Munchina, who spoke about the benefits of weakening the dollar for US trade.

The euro fell 0.1 percent to $ 1.1895, and lost 0.2 percent in a week. Nevertheless, for the current year the single European currency has grown by more than 13 percent.

The program of buying up the assets of the ECB ends in late 2017, and in the autumn the central bank will announce whether it intends to extend the plan. ECB President Mario Draghi says that the program will remain in effect until the central bank sees inflation steadily holding at just below 2 percent.




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