Dollar Strengthens On Better Than Expected Jobs Data
Dollar Strengthens On Better Than Expected Jobs Data
Overall: In a reversal of what we have seen lately, positive economic news spurred traders to buy the dollar as better than expected non-farm payrolls led traders to speculate it would be the U.S. that leads the global economy out of the recession. The dollar strengthened against all […]
Dollar Rebounds Off NFP Data While Political Controversy Hurts Sterling
Dollar Rebounds Off NFP Data While Political Controversy Hurts Sterling
The USD saw a brief downturn against a basket of currencies following the release of U.S. unemployment numbers for May, but began to rally shortly thereafter. . The U.S. dollar index dropped to 79.33 following the reported 345k jobs lost; much better than the 520k forecast. […]
PMI Data Boosts Sterling
PMI Data Boosts Sterling
Underlying confidence in the UK economy will remain firmer, especially after the services PMI data. Markets have, however, now priced in a substantial domestic improvement and this will make it difficult for Sterling to extend gains. Similarly, although the UK currency will gain support while confidence in the global economy remains firmer, […]