While the European markets are predominantly closed on Easter Monday, the US dollar continues to lose ground, and lose in almost all peers.
Investors still unsettled by US labor market data
On Friday published surprisingly weak numbers for the US labor market affect the rate of the US dollar also after the Easter weekend. While the dollar in Asian trading initially started with a slight increase, the mood tilted in the broader trade, and the US dollar has yielded in almost all peers. The euro benefited from the weakening dollar, and rose significantly above the mark of $ 1.10, for the first time since early March. The pair EUR/USD rose to 1.1036 USD, where the resistance in the last week was placed. In late trading the Dollar got back some of its loses, and currently the pair EUR/USD ist trading at 1.0996 USD, an increase of 0.23%
Gold price benefits from weak US-Dollar
Gold took the biggest advantage from the weak dollar, and started the trading week already with a strong plus. After the gold price in March did not break the mark of 1,200 USD significantly, he is currently trading at 1.219.290 USD, which represents an increase of 1.41 percent.
