From the market outlook, the US economy maintained its growth pattern in the third and fourth quarters of ….
From the market outlook, the US economy maintained its growth pattern in the third and fourth quarters of ….
the US job market is recovering massively, will the dollar index gain continue??
Despite the strong inflation numbers hovering high and significantly rising interest rates, the US economy remains resilient and the job market is holding high in a massive recovery
the United States job market has remained resilient amid the inflationary pressures hitting hard on a global scale.
Lately, reports from economic analysts relayed that the federal reserve interest rate hike is having a slight punchy effect on the US labor market.
The strong US job market and the healthy economy are driving the US Dollars gains to the upside.
Last month, the Non-Farm Payroll positive release stood as a catalyst for the US dollar’s massive gains. The strong data point drove the US Dollar Index to the upside by a wide percentage margin, with the currency ascending to a multi-year high against its most liquid counterpart, the EURO hitting 0.99145 to 0.99990 price level below parity
According to the Fed chair, Jerome Powell in his statement during the last FOMC meeting;
“Job gain is robust in recent months; unemployment rate remains low, businesses keep hiring with increased output and the Federal Reserve core objective of full employment is met”.
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