- Analytics
- News and Tools
- Market News
- US Dollar steadies despite weak data – BBH
US Dollar steadies despite weak data – BBH
Economists at BBH said in their latest note, “the dollar is getting some traction as risk-off impulses offset the impact of weak US data.”
Additional quotes
“DXY is up for the second straight day and trading near 102 after two straight down days. Clean break below 102 sets up a test of the February low near 100.82.“
“ADP reported its private sector jobs estimate. It came in at 145k vs. 210k expected and 242k in February. While ADP has understated NFP for much of this past year, market expectations for March jobs data Friday have softened.”
“NFP consensus now stands at 235k vs. 311k in February, while the unemployment rate is seen steady at 3.6%. Average hourly earnings are expected to slow to 4.3% y/y vs. 4.6% in February. It's worth noting that the data will come on Good Friday. With markets likely to be very thin, we could get some outsize movements from the numbers, whether good or bad.“
© 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
