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Greenback Rebounds after Dipping to One-Year Low

5 February 2015 10:50 WIB

TEMPO.CO, Jakarta - The United States (US) dollar exchange rate rebounded against the majority of the world's currencies on Thursday morning, Jakarta time, after having fallen to its one-year low in the previous trading session. 

The greenback weakened against the majority of the global currencies in Tuesday's trading session amid speculations about Greek's debt restructuring program as well as grim US economic growth figures, reported Xinhua.

The Dollar Index, which tracks the fluctuations of the greenback against six major currencies, dipped by 1.00 percent in the previous trading session, which was the biggest one-day drop since October 2013. Thus, the Index rose by 0.41 percent to close at 93.982 points on Thursday morning, Jakarta time.

It is known that US private companies added 213,000 new jobs in Januarythe lowest increase since October 2014 according to the monthly ADP National Employment Report and Moody Analytics.

Economists had initially predicted that employment opportunities would rise by 225,000 in January, down from December's estimate that placed the figure at 253,000.

At the end of trading in New York, one euro traded at US$ 1.1418, down from its previous position at US$1.1487, while the British pound buys US$1.5222, up from US$1.5168 in the previous trading session. The Australian dollar depreciated against the US dollar to trade at US$0.7781, down from its previous position at US$0.7795.

The US dollar buys 117.36 Japanese yen, down from its previous position at 117.60 yen, but appreciated against the Swiss franc, which is worth 0.9237 Swiss franc on Thursday morning, up from 0.9229 Swiss franc. One US dollar is worth 1.2566 Canadian dollar this morning, up from its previous position at 1.2411 Canadian collar.

ANTARA



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