Dollar vulnerable to a further sell-off once employment data weakness is confirmed in NFP – MUFG DollarIndex NFP Fed EURUSD Banks
We are close to a turn toward weaker employment data
Of course, we can’t be sure these signs of weakness will become evident in the NFP in the July release for June data. And if the data holds up again then a hike by the FOMC in July is more likely. The data does though make us confident a turn will materialise over the coming two to three months and that leaves the Dollar vulnerable to a further sell-off once the weakness is confirmed in NFP.
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.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US Dollar Index: DXY prods monthly low near 102.00 as Fed Powell fails to impress bullsUS Dollar Index: DXY prods monthly low near 102.00 as Fed Powell fails to impress bulls – by anilpanchal7 DollarIndex Fed RiskAppetite China Inflation
Consulte Mais informação »
Yuan to remain weak in near term before positive sentiment towards China can be established – MUFGEconomists at MUFG Bank expect the Chinese Yuan to remain under downside pressure in the near term. However, CNY is set to recover in the medium term.
Consulte Mais informação »
USD/TRY: Risks remain heavily titled to the downside for the Lira – MUFGThe Turkish Lira has continued to adjust sharply lower following yesterday’s CBRT policy meeting. Economists at MUFG Bank analyze TRY's outlook. Polic
Consulte Mais informação »
Fed: The CBDC project is dead – CommerzbankEconomists at Commerzbank analyze the Fed’s approach to CBDC (central bank digital currency). The accounts which banks hold with the Fed already const
Consulte Mais informação »
Fed's Powell says rate hikes will come at a 'careful pace' from here By Reuters*FED'S POWELL SAYS A 'STRONG' MAJORITY AT THE FED EXPECTS TWO MORE RATE HIKES THIS YEAR
Consulte Mais informação »
Fed's Powell, in testimony, says inflation fight has 'long way to go' By Reuters*FED'S POWELL, IN CONGRESSIONAL TESTIMONY, SAYS INFLATION FIGHT HAS 'LONG WAY TO GO'
Consulte Mais informação »