The US Dollar Index holds below 108.00 as mixed economic indicators raise concerns ahead of Friday's employment report.ADP reports a stronger-than-expected increase in private sector employment for January, while Initial Jobless Claims also rise.Investors anticipate the upcoming Nonfarm Payrolls data to gauge the Federal Reserve's future monetary policy decisionsThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, struggles to hold its recent gains, trading below 108.00 on Thursday. Mixed United States (US) economic data fuels uncertainty...
The next SNB policy meeting is not scheduled until March 20, Rabobank's FX analyst Jane Foley notes."A lot can happen in six weeks, but at this point it seems fairly likely that the central bank will announce another cut in rates. This would follow the jumbo 50 bps move at the last meeting in December. The SNB only meets once a quarter. This alone increases the chances of a move next month."Arguably, it also raises the chances that policymakers could decide on another jumbo move since the next policy meeting will not be until June. That said, the SNB's policy rate is already at 0.50%. Given...
Oil headed for a third weekly decline as worries that President Donald Trump's tariffs on China will sap demand outweighed the new US administration's first round of sanctions against Iran. West Texas Intermediate was steady near $71 a barrel, and is down almost 3% this week, while Brent crude closed above $74. Trump has slapped levies on all imports from China, with the world's biggest oil importer countering with its own more restrained measures, which will come into force on Monday. The trade war — and the potential for it to spread — has stoked concerns that it will...