The dollar index is up by 0.19% due to mixed US economic reports, with Q2 nonfarm productivity and unit labor costs revisions supporting the dollar, while ADP employment change and jobless claims weaken it. The dollar is awaiting direction from Friday’s payroll report.
Euro is down by 0.12% against the dollar, pressured by a stronger dollar and weaker-than-expected Eurozone July retail sales. Geopolitical tensions in Ukraine add bearish sentiment. German and French leaders call for sanctions on Russia, impacting European security and macroeconomic factors.
USD/JPY is up by 0.22% as the yen weakens on dollar strength and news of a key Japanese political figure stepping down, hinting at more expansionary fiscal policies. Lower T-note yields limit yen losses. Precious metals are down due to a stronger dollar and weaker US labor market, impacting demand.
Read more at Yahoo Finance: Dollar Rises as US Q2 Nonfarm Productivity and Aug ISM Services Strengthen
