Daily Forex News & Analysis – 01/02/13

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USD

The dollar fell on Thursday after poorer-than-expected jobless figures and subdued growth  increased expectations of more stimulus from the Federal Reserve. The greenback ended the day at 1.3576 to the euro and 91.69 to the yen. Non-Farm Payrolls headlines the economic news schedule  today and is expected to show a rise of 10k to 165k in January.

EUR

The single currency strengthened on Thursday after figures showed Germany’s unemployment rate fell to 6.8% in Jan from 6.9% in December. The euro ended the day at 1.3576 to the dollar and 123.72 to the yen. Today’s data includes Euro-zone PMI which is expected to remain the same.

GBP

The pound strengthened on Thursday after data showed a rise in consumer confidence and stabilization in house prices. Sterling ended the day at 1.5855 to the dollar and 145.37 to the yen. Today’s data includes Manufacturing PMI which is expected to dip slightly to 51 in January.

JPY

The yen weakened on Thursday after the Deputy Governor of the BOJ said that the central bank would use further stimulus if economic and price conditions warranted it, raising fears of more money-printing. The yen ended the day at 91.69 to the dollar and 123.72 to the euro.

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