__cfduid
Valid: 29 days
It helps us protect the website from threats such as hacker attacks. Used by Cloudflare to recognise trusted network traffic.
__lc_cid
Valid: 3 years
Necessary for proper functioning of the chat available on the website.
__lc_cst
Valid: 3 years
Necessary for proper functioning of the chat available on the website.
rc::a
Valid: It does not expire
Cookies to correctly distinguish between human and bot-generated traffic.
rc::b
Valid: 1 session
Cookies to correctly distinguish between human and bot-generated traffic.
rc::c
Valid: 1 session
Cookies to correctly distinguish between human and bot-generated traffic.
NID
Valid: 6 months
Records a unique number to recognise the device you are using. It is used for advertising.
_ga
Valid: 2 years
Registers a unique user number to collect statistical data about how you use our website.
_gat
Valid: 1 day
Used by Google Analytics to reduce queries. Reduces the amount of statistical data collected.
_gid
Valid: 1 day
Registers a unique user number to collect statistical data about how you use our website.
yt-player-bandwidth
Valid: It does not expire
Determines the best video quality based on your device and the Internet connection used.
yt-player-headers-readable
Valid: It does not expire
Determines the best video quality based on your device and the Internet connection used.
The U.S. dollar is dominant at the start of the month. So far this week, it has gained against all G-10 peers. Investors eye jobs report for January.
The EUR/USD pair failed to stabilise above the 1.20 handle, and the main currency pair slipped to the 1.1950 area. As a consequence, the greenback trades at the highest levels in two months. Some currencies are less fragile, however. The pound sterling trades bid (and the EUR/GBP exchange rate declines below 0.8750) as the Bank Of England signals no desire to introduce negative rates. Fast progress on the vaccination front is also supportive of the British currency and covers a dire economic situation and strict restrictions that dampen growth. The Canadian dollar is relatively strong as crude oil benchmarks continue their rally. Brent prices approach 60 USD/bbl and WTI trades around 56.50 USD/bbl at the time of writing.
Markets look to jobs report
One of the drivers of the latest U.S. dollar revival is a string of positive surprises in data releases. Today markets will analyse whether it will translate into higher jobs figures. The expectations have recently been rising. The Bloomberg median estimate amounts to around 100K new jobs while the latest batch of forecasts assumes two times stronger employment rise. Consequently, only a huge number is likely to extend the U.S. dollar rally in the remainder of the first trading week of February.
Subscribe to our currency newsletter
See also:
The U.S. dollar climbs despite strong risk appetite (Daily analysis 3.02.2021)
The USD trades bid (Daily analysis 2.02.2021)
US dollar heads for a monthly gain (Daily analysis 29.01.2021)
The ECB stole the show (Daily analysis 28.01.2021)
Attractive exchange rates of 28 currencies
Live rates.
Update: 30s
Open your free account today
Save your time and money. Create an account for free and discover how much you can gain. Join us today, and start using attractive currency services.
Create free account