Japan's current account surplus shrank 31.4 percent in the first half of 2020 from a year earlier to 7.31 trillion yen ($69 billion), marking the lowest level in over five years as exports and spending by visitors from overseas were hit hard by the corona virus pandemic, government data showed. While the actual figure bettered [...]
USD became stronger, assisted by a stronger-than-expected nonfarm payrolls release. The escalated US-China tension is also grows creating a concern around the investors. As previously foreshadowed, Trump announced an executive order on Friday that would ban Tik Tok in the US in 45 days time. Unexpectedly, the executive order also singled out instant messaging app [...]
On Thursday, the U.S. has provided Initial Jobless Claims and Continuing Jobless Claims reports. Initial Jobless Claims declined to 1.19 million while analysts projected that it will stay above 1.4 million. Continuing Jobless Claims fell from 17 million to 16.1 million. This is better than expected employment reports provided additional support to the U.S. dollar. [...]
The biggest pound-related news will come today is on the BOE interest rate decision. This meeting comes at a time when the number of corona virus cases in the UK has been falling. It also comes at a time when economic data from the country has been relatively strong. The house price index, mortgage data, [...]
