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Old 12-09-2018, 11:37 PM
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Default Dollar slides as U.S. job data dents Fed tightening outlook; yuan on back foot

Dollar slides as U.S. job data dents Fed tightening outlook; yuan on back foot

Oh boy here we go again

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The dollar slid almost half a percent against the euro and the yen on Monday after soft U.S. payrolls data fuelled speculation that the Federal Reserve may stop raising interest rates after a highly likely move next week.

The Chinese yuan dipped after weak trade and inflation data over the weekend, while the British pound hit an 11-week low against the euro as Prime Minister Theresa May’s deal to exit the European Union looks set to be rejected by parliament on Tuesday.

“We have rising tensions between the United States and China over Huawei and the Brexit vote in the UK parliament. The risk-off mood is likely to prevail for now,” said Kyosuke Suzuki, director of forex at Societe Generale.

The dollar fell 0.4 percent against the yen to 112.30, edging near Thursday’s 5 1/2-week low of 112.23.

U.S. non-farm payrolls increased by 155,000 jobs last month, below economists’ median forecast of 200,000 jobs and the wage increase was softer than expected even though its annual rise remained near the highest level in almost a decade.

Some Fed policymakers have struck a cautious tone about the economic outlook, possibly flagging a turning point in its monetary policy.

Federal Reserve Governor Lael Brainard said on Friday the economic picture was broadly positive but that risks were growing overseas and in the corporate debt markets at home.
Looks like modern conservatives don't know how to handle money.
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Old 12-14-2018, 03:58 PM
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Default Re: Dollar slides as U.S. job data dents Fed tightening outlook; yuan on back foot

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Originally Posted by saltwn View Post
Dollar slides as U.S. job data dents Fed tightening outlook; yuan on back foot

Oh boy here we go again



Looks like modern conservatives don't know how to handle money.
Why? Cause the dollar slid? I read about that a while back, a higher dollar and lower dollar both have good and bad things about it. It's nothing to worry about.

Now if our credit rating falls again like it did for the first time in history under Obama, I might have to agree.

It is the result of a strong economy. That's why it didn't happen under Obama.
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Old 12-14-2018, 04:37 PM
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Default Re: Dollar slides as U.S. job data dents Fed tightening outlook; yuan on back foot

Wait!!! Weren't we told in another thread is was because of dropping crude oil prices?
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