Dollar still down depite decent jobs - UOB

Dollar still down depite decent jobs - UOB

4 April 2016, 19:36
Vasilii Apostolidi

Analysts at UOB Group explained that, for the week, USD was lower against the regional currencies, undermined by dovish tone from US Fed and despite a stronger-than-expected nonfarm payroll last Fri. 

"Against this backdrop, market will look for comments from various US Fed officials for guidance ahead of the April FOMC, and US Fed Chair Yellen will be in focus late Thur as the four past and present Fed chairs meet, while minutes for previous FOMC meeting to be released late Wed will be another key for the US dollar near term."

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