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dollar's value continues to fluctuate in anticipation of the U.S.
Nonfarm Payrolls (NFP) report, the final significant market mover before all the markets take another look at the Federal Reserve's overall policy outlook.
Focused on NFP, is the most derived initial assessment of the potential impact onU.S.
Nonfarm Payrolls report,coupled with positive detailed U.S.
labor market employment data, will reinforce the viewpoint that the U.S.
Federal Reserve will adopt a more accommodating monetary policy stance later this year.
Based on the latest Reuters real-time reporting, markets are now primarily focused on U.S.
labor market data after last week's Federal Reserve meeting.
dollar is stabilizing following Friday's European Central Bank meeting in which it kept its main interest rate on overnight deposits at 2.25%, and repeated its data-dependent stance.
Investors are now waiting onGerman industrialproduction and eurozone retail sales statistics, all of which will give insight into the potential for a recovery in domestic demand within eurozone countries, particularly in light of the first part of the year being subdued.
In their recent meetings, various policymakers have continued to underline the fact that inflation is approaching the European Central Bank's target of 2% and that further tightening of eurozone monetary policy appears to be warranted; although, at this juncture still may be upside risks to be concerned with.
Sterling is digesting last week's Bank of England decision.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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