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Currency Analyst since 2010

US dollar is supported by data

US dollar remains strong versus its counterparts as better-than-expected US labor market data bolstered expectations for an interest rate hike by the Federal Reserve before the year-end.

EUR/USD is little changed in the 1.1100 area. The euro remains affected by the uncertainty about Greece. European Commission President Jean-Claude Juncker on Sunday accused Greek Prime Minister Alexis Tsipras of distorting proposals by international creditors and dragging out an alternative.

USD/JPY is consolidating the 125.60/30 after it made a powerful thrust to the 13-year high on Friday. Data released in Japan showed that the nation’s economy rose by 1% vs. the expected growth of 0.7%.

AUD/USD is trading just above 0.7600. Weak Chinese imports increased concerns over a slowdown in the world's second largest economy. Chine is Australia’s main trading partner.

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