The DXY index - measuring the fluctuation of the USD compared to six major currencies in the world - decreased from 104.8 points (8:00 p.m., July 30) to 103.94 points (8:00 p.m., July 31, Vietnamese time). Male).
Thus, there are more positive signs for the US economy. This is a factor that may cause the US Federal Reserve (Fed) to have a plan to lift monetary policy at a faster pace to ensure the US economy does not fall into recession in the future.
Accordingly, in July the number of jobs created in the US was 122,000 jobs, lower than the forecast of 147,000.
The USD and US bond yields immediately decreased.
Thus, there are more positive signs for the US economy. This is a factor that may cause the US Federal Reserve (Fed) to have a plan to lift monetary policy at a faster pace to ensure the US economy does not fall into recession in the future.
Accordingly, in July the number of jobs created in the US was 122,000 jobs, lower than the forecast of 147,000.
The USD and US bond yields immediately decreased.
Note
DXY is having a strong recovery, which is easy to see when expecting Nonfarm to be very goodNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.