Strong USD on Tuesday
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
US Nonfarm Payrolls
| When we talk about the most important economic indicators, one of the first that comes to our mind is the US nonfarm payrolls, also known as NFP. Job creation is a leading indicator of consumer spending, which accounts for the majority of the overall economic activity. The data is out every month, and this time it will be released at 15:30 MT time on April 6. If actual figure is greater than the forecast one, the greenback will have chances to strengthen. Note that the United States will also release the unemployment rate and average hourly earnings. |
Similar
Will the USD grow with the US labor market?
The US unemployment claims are out on Thursday at 15:30 MT time.
Will the US CPI boost the USD?
The American CPI is announced on Wednesday at 15:30 MT time.
Latest news
ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
Deposit with your local payment systems
