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Reality Hits Jobless Claims

The dollar index rose by 0.41% yesterday as the fragile risk sentiment in the global markets continue to support the greenback.

This came despite an unexpected rise in the weekly jobless claims yesterday, which revived fears of a slowdown in the world’s largest economy.

America will continue to await fiscal relief as the Presidential elections come closer.

The US reported its biggest one-day jump in infections since July, as both candidates last night participated in separate televised town halls.

EURUSD Closes in on 1.17

The euro became another casualty of the shift in sentiment on the greenback. The EURUSD pair closed 0.42% lower on Thursday as lockdown 2.0 came into full swing across Europe.

Infection rates have been at their highest ever, however, the death toll seems to have eased signaling a glimmer of hope for the weak economy.

We now await today’s CPI figures for September that should largely reaffirm more subdued inflation pressures going...


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