US Continuing Claims dropped for the first time since the coronavirus pandemic, which could down the US dollar, according to FXStreet’s analyst Yohay Elam. Key quotes “The number of ongoing unemployment applications dropped to around 21 million – a devastation figure – but still, the first slide since the coronavirus pandemic.” “The better-than projected continuing claims figure may serve as a tie-breaker in favor of higher stocks. In turn, that may weigh on the safe-haven US dollar and to some extent also push the yen lower. Commodity currencies and the euro may be the beneficiaries.” “The potential downside, later down the line, is if the pendulum swings toward pricing less monetary stimulus by the Federal Reserve, and that could support the greenback. However, the Fed has committed to almost unlimited support in any case, so the pricing of central bank action.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD retreats to 1.3750 area on rising oil prices FX Street 3 years US Continuing Claims dropped for the first time since the coronavirus pandemic, which could down the US dollar, according to FXStreet’s analyst Yohay Elam. Key quotes “The number of ongoing unemployment applications dropped to around 21 million – a devastation figure – but still, the first slide since the coronavirus pandemic.” “The better-than projected continuing claims figure may serve as a tie-breaker in favor of higher stocks. In turn, that may weigh on the safe-haven US dollar and to some extent also push the yen lower. Commodity currencies and the euro may be the beneficiaries.” “The potential downside, later down… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
