India
2020-08-10 14:50
Market analysisContinuing Decade-Long Losing Streak on U.S.
Related product:
Others,Others,Others,Others,Others,Others
Market analysis:
The dollar was down on Monday morning in Asia, despite Friday’s better-than-expected U.S. payrolls report which pushed Treasury yields higher.
Non-farm payrolls rose by 1.763 million in July, against the estimated 1.6 million increase. The unemployment rate also fell to 10.2% in July, compared to June’s reading of 10.5%.
But continuing doubts over the U.S. economic recovery remain, with the U.S. surpassing the grim milestone of five million COVID-19 cases as of August 10, according to Johns Hopkins University. The dollar’s longest losing streak in a decade has also left a structural gap in much of the market for the currency, as well as leaving it vulnerable to a squeeze on any positive news.
FX3886574399
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
Continuing Decade-Long Losing Streak on U.S.
India | 2020-08-10 14:50
The dollar was down on Monday morning in Asia, despite Friday’s better-than-expected U.S. payrolls report which pushed Treasury yields higher.
Non-farm payrolls rose by 1.763 million in July, against the estimated 1.6 million increase. The unemployment rate also fell to 10.2% in July, compared to June’s reading of 10.5%.
But continuing doubts over the U.S. economic recovery remain, with the U.S. surpassing the grim milestone of five million COVID-19 cases as of August 10, according to Johns Hopkins University. The dollar’s longest losing streak in a decade has also left a structural gap in much of the market for the currency, as well as leaving it vulnerable to a squeeze on any positive news.
Others
Others
Others
Others
Others
Others
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.