USD Remains Mixed in Late-Day Trade
April 05, 2010 4:59 PM
The USD remained mixed in Monday's trading after failing to pull forward against other major currencies.
The USD has continued to gain support after last Friday’s jobs report signaled that the U.S. economy started to add jobs over a strong pace, though unemployment remained near its highest level since 1983 at 9.7%. The U.S. dollar index rose slightly in low-volume trading Monday to trade at 81.073 from the opening levels at 81.008 after recording a high of 81.301 and a low of 80.918, where the dollar was gaining against some majors and losing against others.
The Euro rose against the U.S. dollar in today’s trading, where the pair opened today’s trading at $1.3492 before setting a low of $1.3460, however the pair rebounded to set the highest level for today at $1.3538 while trading now at $1.3511. The British Pound also rose against the U.S. dollar in today’s trading, where the pair opened today’s session at $1.5257 to set a low of $1.5222 and rising afterwards to set the highest at $1.5319 while currently trading at $1.5290.
