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Dollar Advances As Strong U.S. Jobs Data Boosts Fed Tightening Hopes

Dollar Advances As Strong U.S. Jobs Data Boosts Fed Tightening Hopes

The U.S. dollar firmed against its key counterparts in the European session on Friday, as the nation's job growth exceeded expectations in September, intensifying hopes that the Federal Reserve will continue to raise rates aggressively in the coming months.
RTTNews | 1435 days ago
U.S. Wholesale Inventories Jump More Than Expected In August

U.S. Wholesale Inventories Jump More Than Expected In August

A report released by the Commerce Department on Friday showed U.S. wholesale inventories surged by more than expected in the month of August. The Commerce Department said wholesales inventories shot up by 1.3 percent in August after rising by 0.6 percent in July. Economists had expected inventories to jump by 1.1 percent.
RTTNews | 1435 days ago
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FTSE 100 Edges Higher In Choppy Trade

FTSE 100 Edges Higher In Choppy Trade

U.K. stocks were slightly higher in choppy trade on Friday as investors awaited a key U.S. jobs report due later in the day that could shed more clarity on labor market conditions.
RTTNews | 1435 days ago
Australian, NZ Dollars Fall On Fed Rate Hike Worries

Australian, NZ Dollars Fall On Fed Rate Hike Worries

The Australian and NZ dollars weakened against their major counterparts on Friday amid risk aversion, as investors continue to worry about the Federal Reserve's aggressive monetary policy stance that could push the economy into a recession.
RTTNews | 1435 days ago

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.