Daily Summary for Monday – the 8th of July

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The US dollar continued its growth after non-farm employment data released, but with relatively moderate fluctuations. Major non-US currencies are generally weak against the US dollar. As the dollar strengthen, gold price fell slightly by 0.23% on Monday.

The Fed may not be eager to kick off an easing monetary policy due to the healthy employment and economy status. The possibility of an aggressive interest rate cuts at the end of July may reduce.

Federal Reserve Chair Jerome Powell will speak at an event hosted by the Federal Reserve Bank of Boston at AEST 10.45pm.

Daily movement

Asset

Open

Close

High

Low

change%

USDX

96.83

96.96

97

96.75

0.13%

EURUSD

1.12234

1.1214

1.12343

1.12068

-0.08%

GBPUSD

1.25266

1.2517

1.25396

1.24998

-0.08%

USDJPY

108.425

108.723

108.801

108.276

0.27%

AUDUSD

0.69749

0.69732

0.69938

0.69666

-0.02%

USDCAD

1.30704

1.30961

1.31024

1.30485

0.20%

NZDUSD

0.66252

0.66238

0.66522

0.66189

-0.02%

USDCNH

6.8928

6.8873

6.8975

6.8839

-0.08%

GOLD

1398.43

1395.21

1407.59

1391.7

-0.23%

WTI

57.64

57.38

58.33

57.19

-0.45%

BRENT

64.97

64.48

65.71

64.36

-0.75%

DOW 30

26902.11

26792.43

26927.48

26747.93

-0.41%

S&P 500

2987.21

2974.36

2991.32

2969.31

-0.43%

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