$USDCHF has fallen back from 0.8970 as the USD Index has retreated
S&P500 futures have posted nominal losses as investors have turned cautious amid the holiday in the US.pair has witnessed extreme selling pressure after a less-confident pullback to near 0.8970 in the early London session. The Swiss Franc asset has retreated following the footprints of the US Dollar Index . The USD Index has dropped sharply as investors have shifted their focus toward the release of the United States Employment data.
S&P500 futures have posted nominal losses in Europe as investors have turned cautious amid the holiday in the United States. US markets will be closed on account of Independence Day. The USD Index has come under pressure as economic prospects in the US economy are going through a rough phase. US Factory activity has dropped sharply as firms are facing issues while tapping for credit from regional banks due to tight conditions for loans. The US Institute of Supply Management reported that Manufacturing PMI has extended its contraction straight for eight months. A figure below 50.0 is considered a general contraction in economic activities. The economic data landed at 46.0, significantly lower than the expectations of 47.2 and the former release of 46.9.
Going forward, Federal Open Market Committee minutes will be in focus. The minutes will provide a detailed explanation of steady interest rate policy and views about interest rate guidance. Apart from that, US Automatic Data Processing Employment data will be keenly watched. A decline in payrolls is expected to be 180K for June vs. the former release of 278K. accelerated at a pace of 0.1% lower than the pace observed last month at 0.3%. Annualized CPI has decelerated to 1.7% vs. expectations of 1.8%. A figure below 2% would allow the Swiss National Bank to pause further policy tightening.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Cleveland Better Business Bureau reports remote job employment scams are skyrocketingMelissa Rafferty of North Royalton is feeling fortunate she wasn't pulled into a bogus remote job offer after learning about the growing number of bad job offers victimizing job seekers nationwide.
Baca lebih lajut »
Tragedy strikes NASCAR ahead of Grant Park 220 street race in ChicagoThe Chicago street race is still scheduled to go on despite the heartbreaking accident.
Baca lebih lajut »
Another bus carrying migrants arrives in LA from Texas ahead of 4th of July weekendAnother bus carrying dozens of migrants arrived in Los Angeles, California, Saturday afternoon from Texas, the second in the last three weeks.
Baca lebih lajut »
Another bus carrying migrants arrives in LA from Texas ahead of 4th of July weekendAnother bus carrying dozens of migrants arrived in Los Angeles, California, Saturday afternoon from Texas, the second in the last three weeks.
Baca lebih lajut »
Trump returns to campaign rallies, draws thousands to small South Carolina city ahead of July 4Former President Donald Trump on Saturday marked a return to the large-scale rallies of his previous presidential campaigns, speaking to thousands gathered in the streets of a small South Carolina city on a blazing day ahead of the July 4 holiday.
Baca lebih lajut »
Texas sends another migrant bus to Los Angeles church ahead of July 4thA second bus carrying migrants from Texas arrived at a church in Los Angeles on Saturday. The first bus arrived at the same church less than three weeks ago.
Baca lebih lajut »