Federal Reserve Bank of Minneapolis President's comments on the US employment report weigh on the greenback. Federal Reserve Bank of Minneapolis President Neel Kashkari said that The U.S. labor market remains in a “deep hole” and it needs aggressive support to speed its healing from the Covid-19 pandemic. Kashkari said “We are still somewhere between [...]
The yellow metal prices on Friday has reached near a high of 2-1/2-month and were on track for their best week in five months, which is aided by a weaker dollar and a pullback in Treasury yields as investors cautiously await U.S. non-farm payrolls report which will be released at 12.30 G.M.T later today. Brian [...]
Cable traders are cautious ahead of the Uk events. The elections in the UK, including Scotland, as well as the Bank of England’s (BOE) Quarterly Inflation Report (QIR) could direct the cable further. Britain holds its first local and regional elections since Brexit and the coronavirus pandemic on Thursday, In the recent years the United [...]
The favorable unemployment report seems to support the New Zealand dollar against the greenback. The jobless rate of New Zealand in the three months ended March fell to 4.7 percent from 4.9 percent in the previous quarter, and compared with forecasts of 5.6 percent. The participation rate increased to 70.4 % from previous record of [...]
