Here is what you need to know on Wednesday, August 21: The US Dollar (USD) holds its ground against its major rivals early Wednesday as markets wait for the US Bureau of Labor Statistics to announce the preliminary benchmark revisions to Nonfarm Payrolls.
Here is what you need to know on Wednesday, August 21: The US Dollar holds its ground against its major rivals early Wednesday as markets wait for the US Bureau of Labor Statistics to announce the preliminary benchmark revisions to Nonfarm Payrolls. Later in the American session, the Federal Reserve will release the minutes of its July 30-31 monetary policy meeting. The USD Index clings to modest recovery gains near 101.50 early Wednesday after losing 1% since the beginning of the week.
The pair edges lower in the European morning and was last seen trading near 1.3020. USD/JPY registered losses for the third consecutive trading day on Tuesday before staging a rebound. At the time of press, the pair was up nearly 0.5% on the day, trading a few pips below 146.00. Nonfarm Payrolls FAQs What are Nonfarm Payrolls? Nonfarm Payrolls are part of the US Bureau of Labor Statistics monthly jobs report.
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