US hiring likely surged in June, after unexpectedly starting to recover in May, and as businesses prepared to reopen. However, even if momentum kept pace, will investors focus on a second month of improvement, or on the fact that tens of millions of Americans remain unemployed? What might make it easier for traders to decide

When the COVID-19 pandemic began, we all knew that strict lockdown measures in the U.S. and other parts of the world would put major strain on global economic activity. Economic data hit recessionary levels across the globe and investors braced for the worst to come. Then the lockdown measures “worked,” declines in cases prompted countries

In the last 24 hours, U.S. President Donald Trump and White House officials have been out in force, aggressively trying to talk up the markets. Stocks consolidated near their highs last week and did not necessary require the extra lift, but the President may have wanted a morale boost in the form of equity gains after

The dollar could be headed for a crash and it could happen very suddenly. So says economist Stephen Roach who believes it might occur at “warp speed.” Roach, a Yale University senior fellow and former Morgan Stanley Asia chairman, sees the global pandemic as accelerating people’s “trigger responses.” That, compounded by a “…massive shift to

The kicked off this new trading week lower against all of the major currencies.  fell more than expected in the month of May with year-over-year sales seeing its largest decline since 2010. While interest rates are at rock-bottom levels, weakness in the housing market is unsurprising because double-digit unemployment gives Americans very little confidence to

This article was written exclusively for Investing.com  A wild ride since March Interest rate differentials took some of the bullish wind out of the dollar’s sails Election time in the US could cause volatility over the coming months The US dollar is the world’s reserve currency, which means that central banks around the globe hold it

“A crash is virtually inevitable,” according to Stephen Roach, a Yale University Senior Fellow. An exceptionally low domestic savings rate and a chronic shortfall are expected to get worse, as the US blows out the in the years ahead. The national savings rate, adjusted for depreciation, is probably going to fall more deeply into negative

The British shrank by 20.4% in April – the worst monthly contraction on record – an inevitable outcome that affected all areas of activity, after a full month in lockdown because of the coronavirus. To appreciate the depth of the fall, it’s three times worse than the contraction that ensued throughout the entire 2008-2009 economic

The retains its hold on the position of global reserve currency for two reasons. For starters, the United States is considered the most financially stable country in the world, thanks to its political system and military might. As well, it’s still the world’s largest manufacturer and was, for many decades, also the biggest global exporter. However,

Investors drove U.S. dollars to fresh lows after the Federal Reserve made it clear that zero interest rates are here to stay, at least for the next year and a half. According to the updated dot plot of interest rate projections in June, U.S. policy-makers do not see a rate hike before the end of 2022.