Fxpips.com – Safe-haven demand strengthened exchange rates for the US greenback, but reduced central bank's rate increase bets limits the appeal of the currency.
Since the hugely dismal Non-Farm Payrolls data released for May, the US greenback has had some trouble versus reduced bets concering the timing of a Federal Reserve cash rate hike.
While anticipations of rate increase deferments continue to affect the attractiveness of the US currency, safe-haven demand has pushed it to rally against its key counterparts today.
Employment market figures in the US have a potential to steer dollar volatility, especially as traders hope to measure whether the decline in last month's NFP was a temporary scare or an indication of things to come.
Meanwhile, here are the latest live forex rates update:
As of Thursday the GBP to USD currency exchange rate converts at 1.447; the live inter-bank USD-GBP spot rate is quoted as 0.691 as of press time; The live inter-bank US dollar to Euro spot rate is quoted as 0.881; and the live inter-bank US dollar to Australian dollar rate is quoted as 1.345 as of Thursday.