US stocks gained after a rise in initial jobless claims triggered a dovish reaction across asset classes - Newsquawk Asia-Pac Market Open zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Forecasting the Coming Week: Fedspeak and the BoE meeting come to the fore fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Another positive week saw the Greenback reclaim the area beyond the 104.00 hurdle, advancing modestly on a weekly basis against the backdrop of the mixed performance in US yields and Fedspeak supporting a tighter-for-longer Fed’s stance.
Markets maintained the erratic price action almost the entire week… until a robust US Nonfarm Payrolls surprised everybody and lifted the Greenback to yearly highs when tracked by the USD Index (DXY).