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U.S. Highlights The U.S. labor market perked up in September as job gains beat expectations, the unemployment rate ticked down and annual wage gains edged up. The economic outlook, however, has been buffeted by significant disruptions, namely Hurricane Helene and a port worker strike. The production side of the economy continues to travel two very […]

The post The Weekly Bottom Line: A Duo of Disruption Muddies the Economic Outlook appeared first on Action Forex.

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EUR/USD Turns Red, Upsides Could Face Hurdles

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31/01/2024

Nonfarm Payrolls to Decide Dollar’s Fortunes

US employment data will hit the markets on Friday at 13:30 GMT Another solid jobs report expected, supported by early indicators If so, dollar could receive a boost as investors unwind rate cut bets Dollar shines in early 2024 It’s been a phenomenal start to 2024 for the US dollar, which has already risen more […]
16/07/2024

A Clearer Shape of a Long-Term Dollar Decline

While Trump’s rise to power is widely seen as a positive for the dollar, the dollar index hit a one-month low on Monday as it continues to rebound from the Fed’s latest softening tone and inflation slowdown. The impact of Trump’s policies on the dollar is largely based on the experience of his previous presidential […]
23/04/2024

Focus on April PMIs Today

In focus today In the euro area, focus today will be on the euro area PMIs for April. The previous months’ PMIs have shown a return of the two-speed economy with the service sector in expansionary territory and manufacturing sector stuck in contraction. We expect that service PMIs will remain above 50 as rising real […]