FOREX-Dollar struggles after weak U.S. jobs report; pound hits $1.41 [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
By Saikat Chatterjee 4 Min Read * Graphic: World FX rates tmsnrt.rs/2RBWI5E LONDON, May 10 (Reuters) - The dollar held at 2-1/2 month lows on Monday as a weak U.S. employment report spurred investors to unwind growing long positions in the greenback, with major rivals including the British pound and Australian dollar testing key levels. The dollar index, which measures the greenback against six rivals, stood at 90.13, broadly flat on the day, after dipping as low as 90.128 for the first time since Feb. 26 earlier in the session. The greenback’s losses in London trading were at odds with the broader markets where equity prices were higher and benchmark U.S. Treasury yields well above Friday’s lows. “There are plenty of key technical levels now broken on the pound and the Aussie, and without support from a Fed unwilling to taper, let alone raise rates, the dollar could have some hard sessions ahead,” said John Marley, CEO of forexxtra, a London-based FX consultancy. The United States
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/25/24 - Form 424B2
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form 424B2
- JPM's page on the SEC website