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U.S. Highlights The U.S. economy added 275k jobs in February, but job gains in the prior two months were revised down significantly and the unemployment rate ticked up to 3.9%. In his testimony before Congress this week, Federal Reserve Chair Powell noted that economic resilience gave the FOMC time to assess the sustainability of current […]

The post The Weekly Bottom Line: A Busy Week in Washington appeared first on Action Forex.

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16/01/2024

Dollar Shows Broad Gains

Markets With US markets closed for Martin Luther King Day, Europe was obliged to find its own intraday dynamics. After a sharp US driven (softer PPI’s) yield decline on Friday, German rates gapped higher at the open (+/-4 bps). Initially, there was little news to support a clear directional move. A preliminary estimate of the […]
12/07/2024

NZ Dollar Edges Higher Despite Soft Mfg. Data

The New Zealand dollar is slightly higher on Friday. NZD/USD is trading at 0.6110 in the European session, up 0.24% on the day at the time of writing. New Zealand dollar showing big swings It has been a volatile few days for the New Zealand dollar. On Wednesday, NZD/USD fell as much as 1% after […]
15/07/2024

A Clearer Shape of a Long-Term Dollar Decline

While Trump’s rise to power is widely seen as a positive for the dollar, the dollar index hit a one-month low on Monday as it continues to rebound from the Fed’s latest softening tone and inflation slowdown. The impact of Trump’s policies on the dollar is largely based on the experience of his previous presidential […]