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Dollar is rise against currencies after unemployment claims data

2019-05-23 01:11 pm | Resource: News | No Views : 116

 Dollar's rise against currencies after unemployment claims data

  Dollar rose on Thursday as investors continued to focus on the Washington-Beijing trade dispute and Fed members confirmed their preference for patience over interest rates for some time. And look forward to the developments of the trade war

Pompeo: China poses a threat to US national security

US Secretary of State Mike Bombo told CNBC on Thursday that China poses a threat to US national security, a fact that has long been ignored by former presidents from both sides.

Bombo stressed that the first and most important aspect of the national security threat posed by Beijing is the deep ties of Chinese technology companies with the ruling Communist Party of the country. The top diplomat in Washington objected to Huawei's comments on espionage issues and warned that by handing over your personal information to Chinese technology companies, you are already putting your data in the hands of the Chinese Communist Party. He predicted that other companies would follow Google's example in cutting off ties with the Asian technology giant, in line with suggestions from the State Department.

Pompeo added that there is a separate issue in the relationship between the United States and China, which President Donald Trump often highlighted, the need to establish reciprocal trade relations. He claimed that the two countries would continue to make progress in their trade negotiations and noted that the trade deal would be beneficial to the whole world.

Initial US jobless claims fall by 1,000 to 211,000

On the data front, the US Department of Labor said on Thursday that initial jobless claims in the United States in the week ending May 18 fell by 1,000 from last week's unaudited figure to 211,000. The four-week moving average was 222,250, down by 4,750 compared to the previous unofficial average of 225,000.

The seasonally adjusted unemployment rate for the week ended May 11 was 1.2%, unchanged from the previous week. The unemployment rate insured seasonally during the same week was 1,676,000, an increase of 12,000 from the revised level the previous week. The four week moving average was 1,674,250, an increase of 5500 from the revised average for the previous week.

Dollar trading against currencies
  • The dollar index rose 0.16% to 98.20 points at 02:25 pm.
  • The euro was down 0.14% at $ 1.1133
  • The greenback was down 0.27% at 110 yen.
  • The pound fell 0.23% to $ 1.243.

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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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