The US dollar has been declining versus the Japanese yen over time, and the unemployment rate has not changed. The Japanese Yen is hurting the dollar because Bank of Japan Chairman Kazuo Ueda hinted at an impending shift in monetary policy. Rates negative has been maintained by the Bank of …
Read More »USD Remains Resilient Despite Disappointing NFP
US Nonfarm Payrolls rose at a much slower pace than expected in November. However, an underwhelming print did little to undermine the USD. It will be very difficult to sell the USD as a thematic strategy given the global monetary policy setup. Fed’s hawkishness to be a significant offset to …
Read More »Gap Between US Job Market, Recovery Getting Wider
While wider optimism has spread believing the job market is getting better, a lot of US citizens believe the actual economy s getting worse and worse.Claims for unemployment benefits retreated to lowest point since 1969 the week before Thanksgiving in an amazing rebound from the levels earlier during the Covid-19 …
Read More »Treasury yields climb over jobless data
Treasury yields were slightly higher Thursday as U.S. weekly jobless benefit claims fell with a reading of initial jobless claims for the week ended Oct. 16 which dropped by 6,000 to pandemic low of 290,000.Yields were drifting higher as weekly jobless claims showed companies shying away from layoffs amid the …
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