This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

trump

Employment Data To Lift Dollar Gloom?

The US Index looked firmer on the opening session this morning, as it regained a foothold above 93. This comes after recording new 2020 lows from the end of last week.

Increased hopes of a deal in the US political scenario to unlock another stimulus package continue to support a better mood.

Further uncertainty remains around the greenback as we await the NFP later today. President Trump is attempting to boost the event by already stating that a big job number will be released.

Euro Cautious, but Heading in the Right Direction.

The euro broke over 1.19 in yesterday’s trading closing 0.11% higher.

The EU’s recovery fund has been received as a step towards a more resilient eurozone. However, the fear factor remains with potential spikes of the pandemic popping up.

The US dollar’s recent gains over the yen are steadily being wiped out during this week. The pair closed 0.11% down on Thursday’s session. The safe-haven asset will be closely monitored as...


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: