Breaking News

The US dollar falls after the release of US data – 08-06-2020

News Date: 8/6/2020 04:35:44

Here is the dollar whose weekly trading begins to decline against most major currencies, because of the release of US labor market data, which increased the possibility of an economic recovery, and the demand for the US dollar is expected to decrease.

The US dollar fell against both the New Zealand dollar, the British pound, and the Australian dollar, as the New Zealand dollar fell to 0.65 US dollars, achieving an increase of 4.56%, and the dollar fell against the British pound by 0.25% to the price of 1 , 27 dollars, and the Australian dollar fell 3.81% to 0.69 dollars.

While the US dollar pair against the euro reached $ 1.13, the US dollar pair against the Japanese yen reached $ 109.48, while the Swiss franc remained at the price of $ 1.04.

On the other hand, oil prices recorded an increase, as the price of Brent crude reached 42.81 dollars per barrel, or 1.2 percentage points, while Brent crude increased by 0.8, registering the price of 39.87 dollars, thanks to OPEC cuts, as an extension was approved. Reducing a production until the end of this month.

Japanese stocks will be higher due to the US data released by the labor market, which supports the economic recovery, and an agreement that gave investors more confidence and safety.

The Nikkei lost 1.13% to 23,121,98 points, while the broader Topix index climbed to 1628.61, up 1,00%.

Latest news

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News