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Dollar rises ahead of payouts, but euro falls

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In Science and Space: The dollar continued its rally against key rivals on Friday ahead of a major US jobs report that could help decide whether the Federal Reserve will raise interest rates by as much as 50 basis points next month. After plunging from yesterday’s monthly highs, the euro fell slightly as hopes of a ceasefire in Ukraine faded. It was still set for weekly gains.

Peace talks between Russia and Ukraine, which are expected to resume on Friday, have stalled, pushing US currency into safe-haven flows has also benefited. The Federal Open Market Committee (FOMC) has its next policy decision scheduled for May 5, and CME Group’s FedWatch tool puts his 68.8% chance of raising rates by 0.5 percentage points is showing.

In a note to clients by a Westpac strategist, the rise in the dollar index was due to “his Fedspeak sustained wave of fierce hawks and rate hikes of nearly 100 basis points at his next two FOMC meetings.” In his profile remains aggressive front-loading, including. They predicted that the dollar index would cross 100 “in the coming weeks.” For the Eurozone, the calendar date of interest is the Eurozone March HICP inflation rate, which expires at 0900 GMT.

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