A turbulent and volatile trading week continues today with the release of US Non-Farm Payrolls for November.
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The USD is under pressure this morning after the ISM Purchasing Managers Index number reported yesterday was lower than expected.
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The markets are pretty quiet this morning as traders are finishing early all over the world ahead of the Christmas holiday.
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The USD and the US equity markets are slightly higher this morning as traders are focusing on the release of GDP later this morning.
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The USD received support overnight after Dallas Fed President Robert Kaplan said yesterday “the appropriate path of policy is to stay where we are”.
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US Trade Rep Lighthizer stated over the weekend that the Phase One trade deal with China is “totally done”.
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The USD was sold off significantly against the other major currencies following the FOMC decision to not only leave rates unchanged at 1.50-1.75%, but also...
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After a robust Non-Farm Payroll report on Friday, the USD remains better bid as we being the week.
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The USD remains under pressure this morning after President Trump’s comments yesterday at the NATO summit.
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Another good day for US equities, another bad one for the US dollar
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