- Analytics
- News and Tools
- Market News
- USD: Greenback is under pressure – NBC
USD: Greenback is under pressure – NBC
The US Dollar (USD) is under pressure as the US labour market continues to deteriorate, NBC FX analysts Stéfane Marion and Kyle Dahms note.
Weakness in the USD to be temporary
“The Greenback is under pressure as the US labour market continues to deteriorate. The unemployment rate rose to 4.3% in July, the fourth consecutive month of higher-than-expected readings, shattering the FOMC's year-end projection of 4%.”
“With Mr Powell now openly focusing on the full employment side of his dual mandate, the Fed is likely to feel comfortable easing more than previously envisaged.”
“Nevertheless, we expect the weakness in the USD to be temporary, as a slowdown in the world's largest economy reverberates through global financial markets via the risk-off trade that usually accompanies a strengthening of the greenback.”
© 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
