Octa trading broker
Open trading account

Forex: NZD/USD reaches 6-week high after NFP

The kiwi surged to a fresh 6-week high versus the greenback as currencies linked to commodities benefited from upbeat US employment data. Even though the US unemployment rate ticked up in January, jobs gain was in line with expectations while November and December figures were revised up.

NZD/USD jumped about 50 pips after the data, and printed its highest level since mid-December at 0.8464. At time of writing, NZD/USD is trading at the 0.8450 area, recording a 0.8% gain on the day.

CORRECTION – US Manufacturing PMI rose to 55.8 in January

The US Manufacturing PMI for the month of January rose to 55.8, exceeding December’s 54.0...
Read more Previous

Forex: EUR/USD eases to 1.3611 after US data, ISM PMI ahead

After digesting the quite disappointing US nonfarm payrolls report and higher unemployment rate, the EUR/USD is retracing most of the daily gains, capped at 1.3675 high, and on its way back to 1.3600 area.
Read more Next