Dollar strengthens against major currencies in European trading

forexlive.com

The dollar is gaining strength in European trading today. It is increasing against most major currencies, except for the yen. The euro is losing value, down 0.5% to 1.0840. This shift suggests a change in market sentiment. The British pound is also weaker, falling 0.4% to 1.2955. It has struggled to break the 1.3000 level this week. Meanwhile, the Australian dollar is experiencing a more significant drop. It is down 0.9% after a poor jobs report. Although the jobless rate stayed the same, the employment numbers were disappointing. The overall outlook for risk is dimming. S&P 500 futures are only slightly up by 0.1% today. In Europe, stock indices are declining, with the DAX down over 1%. Wall Street showed some recovery in previous trading, but uncertainty remains a concern.


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