Forex trading and currency news

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Kiwi holds gains as US data buoys risk appetite
The New Zealand dollar held on to yesterday’s gains as solid US data helped keep investors upbeat ahead of today’s American employment data more...

Kiwi climbs over US71c as Fonterra milk prices surge
The New Zealand dollar climbed back over 71 US cents as milk prices jumped unexpectedly on Fonterra’s online auction, while global sentiment took a boost from upbeat American data more...

Kiwi holds below US70c after SCF receivership
The New Zealand dollar held below 70 US cents after it tumbled 1.2% yesterday after the collapse of South Canterbury Finance, the nation’s second-biggest finance company more...

Daily Currency Trading News by Daily FX

Jamie's Trading Video: 09/02
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Currency Markets Shift Focus to the U.S. Nonfarm Payrolls Report for August

The spotlight this week will be placed on the U.S. Nonfarm payrolls report for the month of August. Economists are expecting the labor market in the world’s largest economy to plunge 103,000 after payrolls took a free fall of 131,000 in July. With waning fiscal stimulus likely to impede the recovery in the U.S. in conjunction with tight credit conditions, and an uncertain economic outlook, a disappointing NFP report should not be ruled out. In turn, figures less than expected may lead traders to seek safety, which will lead to gains in the greenback and validate further EUR/USD losses. Market participants should not rule out whipsaw price action ahead of the report or a less than usual reaction to the release as some traders are offline going into the holiday weekend.

NFPs Curbs Volatility, May Struggle to Inflate Activity Before Holiday Liqudity Drain
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Weekly Commentary

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Weekly Market Watch

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