USD Index may come under pressure if the labour market data disappoint – Scotiabank DollarIndex UnitedStates Employment Banks
USD trades mixed versus majors. Economists at Scotiabank analyze how US data could impact the greenback.US data reports are dominated by employment figures – ADP data is expected to reflect a gain of 225K in private sector jobs in June while weekly claims are forecast to rise modestly. We also get Trade numbers, final S&P PMI Services and Composite data and the June ISM Services Index.
Firm data may give the USD a lift but short-term patterns in the DXY suggest gains are becoming a bit of a grind and the Dollar may find it hard to extend through the 103.50 area. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
USD/CAD faces barricades around 1.3300 amid subdued USD Index, oil jumpsThe USD/CAD pair has faced stiff barricades near the round-level resistance of 1.3300 in the early New York session. The Loonie asset is expected to r
Les mer »
USD Index comes under pressure near 103.20 ahead of key dataThe greenback comes under further downside pressure and approaches the key 103.00 region when tracked by the USD Index (DXY) on Thursday. USD Index lo
Les mer »
EUR/USD trades with a mild positive amid subdued USD demand, remains below 1.0900The EUR/USD pair attracts some buying during the Asian session on Wednesday and recovers a part of the previous day's modest losses. Spot prices curre
Les mer »
USD/CAD Signal: USD Drifts Lower Against the CADShort-term rally should be thought of as opportunities to start shorting the $USDCAD currency pair again. forexsignals tradingstrategy TradingSignals
Les mer »
USD/CAD refreshes three-week high on modest USD strength, bullish Oil prices cap gainsUSD/CAD refreshes three-week high on modest USD strength, bullish Oil prices cap gains – by hareshmenghani USDCAD Fed Bonds RiskAppetite Currencies
Les mer »
RBA to raise cash rate to 4.35% in August, economists split on peak: Reuters pollAustralia's central bank will likely deliver a 25 basis point interest rate increase on Aug. 1 following a pause on Tuesday according to economists in a snap Reuters poll who were split on when and where the cost of borrowing would peak.
Les mer »