2020-08-10 14:50
Analisi di mercatoContinuing Decade-Long Losing Streak on U.S.
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The dollar was down on Monday morning in Asia, despite Friday’s better-than-expected U.S. payrolls report which pushed Treasury yields higher.
Non-farm payrolls rose by 1.763 million in July, against the estimated 1.6 million increase. The unemployment rate also fell to 10.2% in July, compared to June’s reading of 10.5%.
But continuing doubts over the U.S. economic recovery remain, with the U.S. surpassing the grim milestone of five million COVID-19 cases as of August 10, according to Johns Hopkins University. The dollar’s longest losing streak in a decade has also left a structural gap in much of the market for the currency, as well as leaving it vulnerable to a squeeze on any positive news.
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Continuing Decade-Long Losing Streak on U.S.
India | 2020-08-10 14:50The dollar was down on Monday morning in Asia, despite Friday’s better-than-expected U.S. payrolls report which pushed Treasury yields higher.
Non-farm payrolls rose by 1.763 million in July, against the estimated 1.6 million increase. The unemployment rate also fell to 10.2% in July, compared to June’s reading of 10.5%.
But continuing doubts over the U.S. economic recovery remain, with the U.S. surpassing the grim milestone of five million COVID-19 cases as of August 10, according to Johns Hopkins University. The dollar’s longest losing streak in a decade has also left a structural gap in much of the market for the currency, as well as leaving it vulnerable to a squeeze on any positive news.
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