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 US on Tuesday added 1302 death from COVID 19 in 24 hrs. The world's largest economy added 53847 new cases of the virus. The US has now recorded 4,765,170 total cases with 156,668 deaths making it far the worst-hit country in the world. The US Congress seems unable to find common ground on the [...]
Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies. It got an additional boost from Monday's release of German IFO Business Climate Index, which climbed to 90.5 in July as against the anticipated rise to 89.3 [...]
