Western Union notes:
Mixed news on U.S. jobs and inflation added to the cloudy outlook for U.S. interest rates which did little to move the dollar from one-month lows.
Core inflation ticked downward to an annual rate of 1.7%, away from the Fed's 2% comfort level. The job market remained the economy's MVP though as weekly claims improved to 267,000 from 279,000.
Weekly jobless have hovered at historically healthy levels below 300,000 for 15 weeks in a row, a good sign for the next payrolls report.
Commentary
USD review
Western Union notes: Mixed news on U.S. jobs and inflation added to the cloudy outlook for U.S. interest rates which did little to move the dollar from one-month lows. Core inflation ticked downward to an annual rate of …
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
