With the long weekend in the US in sight and without large data publications that handle today, it is likely to be a quite quiet session, says Shaun Osborne, Strategist Chief of currencies of Scotiabank.
The USD falls for a weak feeling, few other news
“Many of the US data reports this week (PMIS, weekly requests) were somewhat better than expected. The positive surprises in the data suggest that the economy may have improved after a weaker April, but the prospects remain soft since uncertainty about tariffs persists and we may not see any significant impact of tariffs on prices and in the economy in general to the June data.
“Despite positive surprises in the data, the highest US yield Changing the macro/fed policy to the prosecutor/bond yields.
“USD’s bearish phases tend to reflect concerns about structural challenges (deficits), perhaps like the one facing the US USD losses in the coming weeks and months. “
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.
