The US Dollar (USD) declined on Wednesday against major currencies, with improved economic data in the United States and the UK has decreased the demand on the green currency as a safe haven.<\/p>\n\n\n\n
An increased risk appetite helped the AUD and NZD rise against the USD.<\/p>\n\n\n\n
The USD\/JPY is now down by 0.43%, while the USD\/CHF is down by 0.16%.<\/p>\n\n\n\n
Earlier today, data by the Institute for Supply Management (ISM) showed the purchasing managers\u2019 index (PMI) for the manufacturing sector in the United States increased to 52.6 in June.<\/p>\n\n\n\n
Private payrolls in the United States showed an increase of 2.369 million jobs during June, which came below expectations as the coronavirus disease (COVID-19) pandemic is leaving its toll on businesses in the US.<\/p>\n\n\n\n
In addition, the May reading was revised to an increase of 3.065 million jobs, versus previous estimates of a decline by 2.76 million jobs, according to the ADP National Employment Report.<\/p>\n\n\n\n
The US Dollar Index (DXY), which measures the Dollar\u2019s performance against a basket of major currencies is down by 0.25% at 97.15.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US Dollar (USD) declined on Wednesday against major currencies, with improved economic data in the United States and the UK has decreased the demand on the green currency as a safe haven. An increased risk appetite helped the AUD and NZD rise against the USD. The USD\/JPY is now down by 0.43%, while the …<\/p>\n","protected":false},"author":10,"featured_media":30633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,37,36],"tags":[6871],"class_list":["post-30632","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=30632"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30632\/revisions"}],"predecessor-version":[{"id":30634,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30632\/revisions\/30634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30633"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=30632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=30632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=30632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}