FOREX NEWS

U.S. Factory Orders Show Significant Rebound In May

Written by  |  Thursday, 02 July 2020 17:29  |  Published in FOREX NEWS
New orders for U.S. manufactured goods showed a substantial rebound in the month of May, according to a report released by the Commerce Department on Thursday. The Commerce Department said factory orders spiked by 8.0 percent in May after plunging by a revised 13.5 percent in April. Economists had expected factory orders to surge up by 8.9 percent compared to the 13.0 percent plunge originally reported for the previous month.

Yen Weakens After U.S. Jobs Data

Written by  |  Thursday, 02 July 2020 17:29  |  Published in FOREX NEWS
The Japanese yen fell against its major counterparts in the New York session on Thursday, as better-than-expected U.S. jobs report lifted global stocks. Data from the Labor Department showed that non-farm payroll employment skyrocketed by 4.8 million jobs in June after soaring by an upwardly revised 2.7 million jobs in May. Economists had expected employment to surge up by about 3.0 million jobs compared to the spike of 2.5 million jobs originally reported for the previous month.

U.S. Dollar Rebounds After Strong Jobs Data

Written by  |  Thursday, 02 July 2020 16:52  |  Published in FOREX NEWS
The U.S. dollar erased some of its early losses against its major counterparts in the early New York session on Thursday, after a data showed that U.S. employment grew more than expected in June. Data from the Labor Department showed that non-farm payroll employment skyrocketed by 4.8 million jobs in June after soaring by an upwardly revised 2.7 million jobs in May. Economists had expected employment to surge up by about 3.0 million jobs compared to the spike of 2.5 million jobs originally reported for the previous month.

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