- Analytics
- News and Tools
- Market News
- June'21 was best month for USD since President Trump’s election victory; what's next? - MUFG
June'21 was best month for USD since President Trump’s election victory; what's next? - MUFG
eFXdata reports that MUFG Research discusses the USD outlook in light of its strong performance in June.
"The US dollar strengthened further yesterday extending its advance in Jun... The dollar index strengthened by 2.9% in June in what was its best monthly performance since November 2016 when Donald Trump was elected President... The key trigger for the turnaround in the US dollar has been the hawkish shift in the Fed’s policy stance."
"We anticipate that the US dollar and US yields will become more sensitive to the US data releases. A key first test will be the latest non-farm payrolls report on Friday, especially given the Fed leadership have since reiterated that they want see the labour market return closer to full employment before beginning to seriously consider raising rates. Like in previous months market participants are going into Friday’s NFP report in anticipation that it could show much stronger employment growth of closer to 1 million job gains in June."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
