Forex Today: Markets turn cautious ahead of US May jobs report By eren_fxstreet Currencies Majors Macroeconomics Metals NFP
It is all about the money, three scenarios for wage growth and the dollar.
Lael Brainard, Vice Chairwoman of the US Federal Reserve, told CNBC on Thursday that it was very hard to see the case for a pause in rate hikes in September. “We’re certainly going to do what is necessary to bring inflation back down,” Brainard added and reiterated that the economy still has a lot of momentum. Nevertheless, these hawkish remarks failed to help the dollar gather strength against its rivals.
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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Dollar resumes advance as fears returnWhat you need to take care of on Thursday, June 2: The American dollar surged during US trading hours as stocks fell and yields advanced. The catalyst
Read more »
Forex Today: Dollar down but not yet defeatedWhat you need to take care of on Friday, June 3: The greenback changed course on Thursday and gave up all of its Wednesday gains and more. Easing gove
Read more »
European markets push higher after Wall Street rally; U.S. jobs data in focusEuropean markets rose on Friday morning with traders focused on U.S. jobs data released later in the session.
Read more »
US Dollar Index plunges to near 101.70 as investors await US NFP, risk-on sentiment buzzThe US dollar index (DXY) surrendered its entire gains recorded on Wednesday as investors were expecting an aggressive stance on the monetary policy a
Read more »
GBP/USD Forex Signal: Bearish Below $1.2624There is increasing pessimism over British economy.
Read more »
GBP/USD Forex Signal: Sterling Bearish Trend to Gain SteamThe GBP/USD pair pulled back signaling that the recent recovery trade has ended.
Read more »