The US dollar (USD) is directed towards the end of the week with a moderate but wide offer. The signals of a thaw in the relations between the US and China helped stop the pressure on the USD yesterday after the publication of weekly unemployment applications higher than expected and a strong fall in the US productivity data, and the USD has progressed a little more in the key data reports this morning, says Shaun Osborne, head of Strategy Strategy of Scotiabank.
The USD is stabilized as the thaw signals in the US
“The general bearish trend remains intact and the USD has a lot Jobs, weaker than April 177k (Scotia above the market in +180k). Traders think the data will be weaker. “
“Bloomberg’s ‘whisper’ number has fallen to 110k from around 138K at the beginning of the week, with the weak number of ADP weighing on expectations. A result below 100K will probably renew the winds against the USD, while a figure in or close to the scotia estimate would provide a bit – but probably not too much – alive for the USD Still quite fragile, a new front of concern has been opened between President Trump and Elon Musk. “
“Yesterday’s fighting fights are one thing, but Musk could gather support against the president’s fiscal bill, adding uncertainty to the broader market, while greater pressure on TSLA after the 14% fall yesterday in what is a very expensive action (141 per) could stop the appetite due to the risk in technology. The short -term price signs indicate that a better demand arose around the minimum intra. which could point out a short term minimal and the risk of a setback towards the area of 99.50/00 before a new sales pressure arises. “
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.
