Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Dollar subdued as investors look to key U.S. inflation gauge

06/07/2021 | 09:37pm EDT

* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

TOKYO, June 8 (Reuters) - The U.S. dollar was subdued on Tuesday as investors looked to U.S. inflation data due later in the week after softer-than-expected jobs data quelled expectations of an early tapering in the Federal Reserve's stimulus.

The euro fetched $1.21915, bouncing back from its three-week low of $1.2104 set on Friday while the dollar eased to 109.26 yen, losing steam after having hit a two-month high of 110.325 late last week.

The dollar's index against a basket of six major currencies stood at 90.021, not far from 89.533, a 4 1/2-month low touched late last month.

"It's not that the payrolls numbers were weak. But because so much expectation had been build up in advance, the dollar suffered a bit of setback," said Shinichiro Kadota, senior currency strategist at Barclays.

Friday's jobs data, which showed U.S. non-farm payrolls increasing by 559,000 in May, fell 90,000 jobs short of expectations.

The data helped to pin down U.S. bond yields near their recent lows, weighing on the dollar, while investors now looked to consumer price data on Thursday for fresh direction.

Many investors now expect the Fed to unveil a plan to reduce its bond purchase later this year, and actual tapering to start early next year.

The British pound hardly budged at $1.4169 while the Australian dollar was unchanged at $0.7753, both stuck in ranges seen over the past couple of months.

With recent trading ranges tight, implied volatilities on both currencies have dropped to their lowest levels since early 2020, before markets were pummelled by the COVID-19 pandemic.

Elsewhere, the Mexican peso held firm at 19.832 to the U.S. dollar, near its highest level since late January, after midterm elections confirmed President Andres Manuel Lopez Obrador's MORENA party as the strongest force in the country, but with a reduced majority.

In contrast, the Peruvian sol tumbled to an all-time low of 3.9367 per dollar as socialist Pedro Castillo edged ahead of right-wing rival Keiko Fujimori in the country's presidential election vote.

Cryptocurrencies were also little moved. Bitcoin traded flat at $33,564, while ether stood at $2,581.

(Reporting by Hideyuki Sano; Editing by Ana Nicolaci da Costa)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.24% 0.5304 Delayed Quote.-5.43%
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) -0.68% 0.91759 Delayed Quote.-5.56%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.35% 0.6192 Delayed Quote.-1.34%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.13% 80.374 Delayed Quote.1.38%
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR (AUD/NZD) 0.16% 1.03443 Delayed Quote.-3.53%
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.63% 0.67048 Delayed Quote.-0.89%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.51% 0.7258 Delayed Quote.-5.16%
BARCLAYS PLC -0.12% 183.74 Delayed Quote.25.27%
BITCOIN - EURO 0.13% 36442.53 Real-time Quote.54.35%
BITCOIN - UNITED STATES DOLLAR -0.08% 42698.34 Real-time Quote.47.86%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.17% 1.88358 Delayed Quote.5.90%
BRITISH POUND / EURO (GBP/EUR) -0.22% 1.1661 Delayed Quote.4.45%
BRITISH POUND / US DOLLAR (GBP/USD) -0.37% 1.36698 Delayed Quote.0.34%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) 0.42% 0.578021 Delayed Quote.0.04%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.25% 0.674459 Delayed Quote.4.53%
CANADIAN DOLLAR / MEXICAN PESO (CAD/MXN) 0.03% 15.974441 Delayed Quote.1.33%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.01% 0.7897 Delayed Quote.0.57%
EURO / AUSTRALIAN DOLLAR (EUR/AUD) 0.33% 1.61412 Delayed Quote.1.40%
EURO / BRITISH POUND (EUR/GBP) 0.19% 0.85716 Delayed Quote.-4.22%
EURO / MEXICAN PESO (EUR/MXN) -0.14% 23.5042 Delayed Quote.-3.15%
EURO / US DOLLAR (EUR/USD) -0.18% 1.1718 Delayed Quote.-3.88%
INDIAN RUPEE / BRITISH POUND (INR/GBP) 0.41% 0.009916 Delayed Quote.-1.44%
INDIAN RUPEE / EURO (INR/EUR) 0.18% 0.011559 Delayed Quote.2.98%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.01% 0.013548 Delayed Quote.-1.04%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.73% 0.7012 Delayed Quote.-1.60%
US DOLLAR / BRITISH POUND (USD/GBP) 0.38% 0.73154 Delayed Quote.-0.34%
US DOLLAR / EURO (USD/EUR) 0.18% 0.853388 Delayed Quote.4.04%
US DOLLAR / MEXICAN PESO (USD/MXN) 0.05% 20.0495 Delayed Quote.0.87%
Latest news "Economy & Forex"
09:14aTwo canadians detained in china for more than 1,000 days arrive in calgary, received by prime minister justin trudeau-local media
RE
07:53aBritain expected to ease visa rules as truck driver shortage bites
RE
07:38aProtesters in eastern Sudan shut oil import pipeline - ministry
RE
07:24aChina foreign ministry describes meng's case is an 'act of political persecution against chinese citizens' - state media
RE
07:24aChina foreign ministry says accusations against Huawei's Meng 'fabricated' - state media
RE
07:20aChina foreign ministry says accusations against huawei's meng wanzhou 'fabricated'
RE
07:04aExclusive-Under U.S. sanctions, Iran and Venezuela strike oil export deal - sources
RE
06:41aChina welcomes Huawei executive home, but silent on freed Canadians
RE
06:33aHuawei CFO leaves Canada after U.S. deal on fraud charges, detained Canadians head home
RE
06:05aChinese police take away HNA chairman, CEO on suspicion of crimes
RE
Latest news "Economy & Forex"