The US dollar (USD) experienced an increase during the night after the payroll report was stronger than expected – NFP +147K (compared to 106K expected) while the unemployment rate fell to 4.1% (compared to 4.3%), initial unemployment subsidy applications also decreased. The DXY was slightly firmer; Last at levels of 97, FX analysts of OCCBC, Frances Cheung and Christopher Wong point out.
Short -term USD bounce risk
“ISM services also surprised upwards, along with new orders. The time of the next cut was delayed to October, since September and the markets now imply a cut of approximately 52 basic points for the year (compared to 65 basic points the day before the payroll report was published). Expenditure on security network programs and reverses much of Joe Biden’s efforts to move the country towards a clean energy economy.
“A slight bassist impulse in the daily graph shows tentative fading signs while the RSI rose from conditions close to the overal to if there are more commercial agreements before the deadline of July 9. greater restriction in the risk appetite for the long weekend. “
“While there is a risk of a short -term USD rebound (such as what we have seen so far), we continue waiting for the USD Medium -term deficits should continue to support the wide (and probably rugged) fall of the USD.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
