U.S. Economy

The British Pound advanced against the Dollar but locked horns against the Euro following the release of some underwhelming U.S. jobs numbers.

The Pound-to-Dollar exchange rate advanced to 1.3785 in the wake of underwhelming U.S. data which eases pressure on the U.S. Federal Reserve to announce an imminent withdrawal of monetary stimulus.

When the U.S. Dollar is not benefiting from strong U.S. data it is benefiting from safe haven demand when market sentiment sours, creating something of a win-win environment for the global reserve currency.

The U.S. Dollar found fresh bidding interest in the wake of a strong U.S. employment report for July although this strength was more evident against the Euro, suggesting a more robust Pound-to-Dollar exchange rate profile going forward.

“Compensation costs for private industry workers increased 3.1 percent over the year. In June 2020, the increase was 2.7 percent.”

“In the second quarter, government assistance payments in the form of loans to businesses and grants to state and local governments increased, while social benefits to households, such as the direct economic impact payments, declined.”

The Dollar was up sharply against major peers following the release of U.S. inflation numbers that were significantly stronger than expected.

The Pound could experience some heightened volatility against the U.S. Dollar on Tuesday as foreign exchange traders take a cue from U.S. inflation data.

Some reprieve for the British Pound against its U.S. counterpart after the release of the monthly U.S. jobs report provided traders with some rare summertime volatility.

The U.S. Dollar recorded a 2.0% advance against the British Pound in the month of June and how the coming days and weeks play out for the U.S. currency could well depend on the July 02 jobs report.

\The U.S. Dollar retreated against the Euro, Pound and other major currencies following the release of a softer-than-expected set of labour market statistics out of the United States.

The Dollar holds gains ahead of the Friday release of U.S. jobs data which is likely to be the most important economic reading of some time, with analysts warning that disappointment could lead to a sizeable retreat by the U.S. currency.

U.S. Producer Price Index (PPI) inflation is rising, but not by quite enough to trigger a fresh bout of Dollar buying.

Those wanting a stronger Dollar were left disappointed by a tepid FX market response to data showing U.S. inflation is starting to burn hot.

The stars are aligning for Wednesday's U.S. inflation data release to be the most consequential for the Dollar and global markets in years.

The world’s largest economy accelerated sharply during the opening quarter, boding well for both the U.S. growth outlook as well as the widely anticipated 2021 global recovery.

U.S. retail sales grew a sizeable 9.8% on a month-on-month basis in March, which represents a notable recovery from the -2.7% reported in February.

U.S. inflation is heating up according to new data out on Thursday, prompting one economist to say pressure will now build on the Federal Reserve to raise interest rates.

The U.S. Dollar pared its recent gains against the Euro, Pound and other major currencies following the release of U.S. jobs data that showed the economy added 49K jobs in January.

Over 10 million unemployed Americans might not get their previous jobs back according to the latest labour market report which shows the rapid recovery in employment witnessed over recent months is now at risk of stalling, leading some economists to say the need for another round of fiscal stimulus is becoming acute.