With jobs disappointment and growth concerns back on front, traders are running out risk it seems and a major sell-off is looming around the markets after the Easter Holiday. The U.S. dollar is back on a rise against the euro as traders weigh Friday's employment report.
The U.S. Department of Labor reported Friday that American payrolls increased by 120 thousand in March, after rising 240 thousand (revised from 227 thousand) - an employment figure that is too below market consensus of 205 thousand.
In a listless trade, currencies are little changed Monday as traders are still for the Easter holiday but the U.S. Stock exchange was up today and witnessed a strong selloff wave and more than 1 percent of equity value was flushed amid lack of fundamentals from the U.S.
The dollar rose against some of it's most-traded counterparts, sending the USDIX which tracks the performance of the greenback against a basket of currencies including the euro, the pound and the Japanese yen to trade around 79.90 from 79.79 after recording a daily high of 80.03.
Gold prices rallied today amid increased haven-appeal to trade around $1640.73 an ounce after setting a daily high of $1648.52 from $1629.25. Oil futures for May 12 deliveries fell to print the lowest since Feb. 15 at $100.80 an ounce and now trade now around $101.05.
The 17-nation common currency weakened against its U.S. counterpart to score a low of $1.3031 and now little changed around $1.3082. The EUR/USD pair started the day at $1.3100 and reached a high at $1.3104.
The British pound was down versus the greenback after kissing a daily low of $1.5833, trading now around $1.5875. The GBP/USD pair started the day at $1.5890 and set a daily high of $1.5893.
The greenback fell against its Japanese counterpart after Japan reported a 1.18 trillion yen ($14.5 billion) surplus in its February current account, printing a daily low of 81.18 yen and now trades around 81.31 yen. The USD/ JPY pair started the day at 81.46 yen.