Forex Signals – Dollar Dips Amid Negative Rates Concerns –At 2:55 AM ET (0655 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.775, down 0.1%, while EUR/USD rose 0.1% to 1.0838 and GBP/USD pushed 0.2% higher to 1.2386. USD/JPY gained 0.1% to 106.41 – Forex – Dollar Dips
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Thursday’s initial claims report revealed that 3.169 million Americans claimed unemployment last week, meaning more than 33 million have now filed for support since the coronavirus pandemic ripped through the economy.
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That would be 27-times the worst monthly decline during the Financial Crisis and 11-times the record drop of September 1945, the demobilization of World War II, Bloomberg reported.
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Elsewhere, the Turkish lira remains under pressure despite the country’s banking watchdog barred local lenders from trading lira with Citibank, BNP Paribas (OTC:BNPQY) and UBS, saying the three foreign banks failed to meet their lira liabilities. Forex – Dollar Dips.
At 2:55 AM ET, USD/TRY traded at 7.1493, up 0.5%, having reached 7.25 Thursday,
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