As we approach day seven of the U.S. government shutdown currency markets are reacting as currency traders grow more nervous.
The U.S. dollar continues to remain weak despite the Weekly Unemployment Claims report indicated fewer than expected filed for benefits last week as traders focus on U.S. budget concerns.
The U.S. dollar remains under pressure today as ADP Employment Report indicates the U.S. jobs grew by 116k compare to expectations of 180k new jobs.
Today – Monday was thought to be a rough day in the markets as Congress plays game of high stake poker with the U.S. economy.
The U.S. dollar remains mixed as we head into the final session of the week. Now that Syria is has been back burner investors are squarely focused on the U.S. budget negotiations and the Federal Reserve’s stimulus program.
In Mexico today the Instituto Nacional de Estadistica y Geografia reported that the Mexican Economic Activity jumped 1.69% compared to the previous reading of 0.039%.
The U.S. dollar is clawing slowly higher against the Japanese yen but the move looks to be limited and volatility is likely to remain strong ahead of the congress debit ceiling and budget debates.
The U.S. dollar continues to remain under pressure since the Federal Reserve decided not to begin unwind its $85 billion monthly asset buying program.
Less than 24 hours after the surprise decision by the Federal Reserve not to begin it highly telegraphed tapering process of its $85 billion purchasing program we find the U.S. dollar mixed against the majors.