The US dollar bounced back on Friday, but could not offset the losses suffered during the week. The greenback was lower against most major pairs at the end of five days. traders adjusted their positions before the weekend giving some breathing room to the USD.
EUR USD (Euro / US Dollar). The most traded currency pairs in the world are called "the Majors" and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
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Dollar (often represented by the dollar sign $) is the name of more than 20 currencies, including those of Australia, Canada, Hong Kong, Jamaica, Liberia, Namibia, New Zealand, Singapore, Taiwan.
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The forex markets are generally steady today, staying in prior day’s range. Dollar and Sterling remain the two weakest major currencies for the week while Yen is strong together with Aussie and Kiwi.
The dollar dipped in Thursday afternoon trade ahead of Friday's U.S. government jobs report, which is forecast to show slowed growth and will inform market. ” The downside surprise in the ADP report implies downside risks around. said Minh Trang, senior foreign exchange trader at Silicon Valley Bank.