US Dollar Mixed Against Other Majors

US dollar is mixed against other majors today, looking for direction as economic data is released and policy decisions are made. There are a lot of questions about what’s next for the greenback, and many are waiting for further information.

Today, a lot of the focus has been on the ECB and BOE policy decisions. There was also interest in yesterday’s BOC decision. Many Forex traders are looking over statements and decisions, and trying to figure out what’s next. Economic data is also playing its role in the situation. Mixed results out of the eurozone are affecting the situation, as is the data coming out of the United Kingdom.

US dollar traders are also waiting for tomorrow’s November nonfarm payrolls data from the Bureau of Labor Statistics. Analysts expect the economy to have added more jobs, and the employment rate to have fallen. There are also expectations that if the news is good enough, the Federal Reserve will finally begin tapering.

All of this is just speculation so far, and that is why the dollar is likely mixed. Many are just waiting for a little more information.

At 16:05 GMT EUR/USD is up to 1.3655 from the open at 1.3586. GBP/USD is down to 1.6325 from the open at 1.6385. USD/JPY is down to 102.0370 from the open at 102.2730.

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