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
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.
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,