The USD Index continues its advance this Thursday as it ascends towards 4-month highs. Boosting the index are the following factors:
a) Two central bankers are bullish about the US economy’s growth trajectory.
b) The lowest initial jobless claims figures in the pandemic era.
c) Generalized risk aversion in the markets and flight to the safe-haven USD.
Two central banks have offered their outlook on the US economy. Richmond Reserve Bank President Thomas Barkin was quoted by Reuters on Thursday as saying that the Fed could see “substantial further progress” in jobs and inflation goals, with “strong demand mean inflation.” Vice-Chairman of the Fed Richard Clarisa also said that the expected inflation pathway was “consistent” with the apex bank’s new framework and that inflation could hit 2% in 2022 or 2023.
The USD Index also found joy from a drop below 700K for initial jobless claims. The actual figure of 684K was much less than last week’s figure of 781K, which was an upward revision.
Europe’s coronavirus situation also spooked the markets in the London session, leading to safe-haven plays that have boosted the greenback despite a drop in 10-year bond yields.
The DXY is up 0.33% on the day.
a) Two central bankers are bullish about the US economy’s growth trajectory.
b) The lowest initial jobless claims figures in the pandemic era.
c) Generalized risk aversion in the markets and flight to the safe-haven USD.
Two central banks have offered their outlook on the US economy. Richmond Reserve Bank President Thomas Barkin was quoted by Reuters on Thursday as saying that the Fed could see “substantial further progress” in jobs and inflation goals, with “strong demand mean inflation.” Vice-Chairman of the Fed Richard Clarisa also said that the expected inflation pathway was “consistent” with the apex bank’s new framework and that inflation could hit 2% in 2022 or 2023.
The USD Index also found joy from a drop below 700K for initial jobless claims. The actual figure of 684K was much less than last week’s figure of 781K, which was an upward revision.
Europe’s coronavirus situation also spooked the markets in the London session, leading to safe-haven plays that have boosted the greenback despite a drop in 10-year bond yields.
The DXY is up 0.33% on the day.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.