{"id":87265,"date":"2023-08-02T20:52:37","date_gmt":"2023-08-02T16:52:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=87265"},"modified":"2023-08-02T21:04:53","modified_gmt":"2023-08-02T17:04:53","slug":"us-dollar-surges-following-employment-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-dollar-surges-following-employment-data\/08\/02\/market-updates\/","title":{"rendered":"US dollar surges following employment data"},"content":{"rendered":"\n<p>The US Dollar has risen to its highest level since July 7 above 102.50, following to the US government&#8217;s credit rating downgrade by Fitch. The USD Index held above 102.50 despite the pullback in the American session and advanced to a 25-day-high above 102.50 on Wednesday.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>US private sector employment rose by 324,000 in July, surpassed market expectations and provided further support to the USD. The US Bureau of Labor Statistics reported a 9.58 million job opening in June, while the ISM Manufacturing PMI improved modestly to 46.4 in July. The Federal Reserve Bank of Dallas&#8217; Texas Manufacturing Survey revealed that the headline Manufacturing Business Index edged higher to -20 in July from -23.2 in June. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Inflation in the US fell to 3% on a yearly basis in June from 3.8% in May, below the market expectation of 3.1%. The Federal Reserve raised its policy rate by 25 basis points to the range of 5.25%-5.5% following the July policy meeting as expected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar has risen to its highest level since July 7 above 102.50, following to the US government&#8217;s credit rating downgrade by Fitch. The USD Index held above 102.50 despite the pullback in the American session and advanced to a 25-day-high above 102.50 on Wednesday. US private sector employment rose by 324,000 in July, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":86889,"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":[37,36],"tags":[8575,8367],"class_list":["post-87265","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-employment-data","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87265","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=87265"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87265\/revisions"}],"predecessor-version":[{"id":87272,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87265\/revisions\/87272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/86889"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}