MARKET OVERVIEW : 12.08.2016
Asian markets are trading positive tracking gains in the US markets after crude prices climbed up. Even the less than expected economic data releases from China could not hinder the
roust trading in the global markets.
US DOLLAR INDEX (USD)
The American currency surged by 0.2 percent yesterday owing to the robust release of economic data sets from the nation. Number of Americans filing applications for unemployment benefits fell in the last week.
Moreover, year on year import prices are still clawing back from the negative. Markets are still discounting the robust release of ADP and NFP employment data from the nation that came far better than the expected levels in July’16. Amid uncertain global conditions, there has been a decent demand for workers which clearly indicates that the labour markets have finally found some stability.
US Dollar Index made an intraday high of 95.91 and closed at 95.84 levels on Thursday.
Asian markets are trading positive tracking gains in the US markets after crude prices climbed up. Even the less than expected economic data releases from China could not hinder the
roust trading in the global markets.
US DOLLAR INDEX (USD)
The American currency surged by 0.2 percent yesterday owing to the robust release of economic data sets from the nation. Number of Americans filing applications for unemployment benefits fell in the last week.
Moreover, year on year import prices are still clawing back from the negative. Markets are still discounting the robust release of ADP and NFP employment data from the nation that came far better than the expected levels in July’16. Amid uncertain global conditions, there has been a decent demand for workers which clearly indicates that the labour markets have finally found some stability.
US Dollar Index made an intraday high of 95.91 and closed at 95.84 levels on Thursday.