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The pace of U.S job creation expected to have slowed last month
The Non-farm payrolls job report is expected to show that the pace of U.S job creation slowed for a second consecutive month in August. Most economists are predicting that the American economy added 150,000 new jobs last month, which is marginally weaker than the 164,000 created during the month of July. Should the headline number[…]
U.S Dollar index shows signs of upside price exhaustion
The U.S Dollar index has been reversing sharply lower since hitting a two-year price peak earlier this week, following the much weaker than expected ISM manufacturing headline number from the United States economy. The greenback has been coming under pressure as traders and investors increase bearish bets that the Federal Reserve will cut rates later[…]
Euro currency downward spiral continues as deflationary pressures build
The euro currency fell to a fresh 2019 trading low against the U.S Dollar on Monday as data inside the final reading of the August German manufacturing PMI showed deflationary pressures building inside Europe’s largest economy. ECB and German policymakers will be extremely concerned by yesterday’s data, as is showed producer prices falling sharply as[…]