After a robust Non-Farm Payroll report on Friday, the USD remains better bid as we being the week.
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Fed Chairman Jerome Powell gave a speech yesterday and said that “monetary policy is now well positioned to support a strong labor market.”
Tuesday's US data did not add much to the debate. Redbook sales increased by 0.8% on the month and by an annual 7.9%; more than analysts had forecast but not enough to affect attitudes to the USD.
Two-year USD swap rates have fallen 15 basis points from the early November highs, fuelled by a number of FOMC members
Sterling reacted positively to the rumour, then the confirmation, that Britain's government and the EU had agreed the draft of a withdrawal deal.
Investors were highly impressed by Friday's October employment report from the Bureau of Labor. Ahead of it, they were far from enthusiastic about the USD...
Among the first evidence of a thaw in the trade war is an order from China for up to two million tons of US soybeans...
In the back half of the field the USD lost 0.4% to its main benchmark, the EUR. The decline seems principally to have been the result of what, on the face of it, was a strong reading from the ISM's manufacturing sector...
Another good day for US equities, another bad one for the US dollar
The Fed said it would increase the federal funds rate in September
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