The dollar weakened once morest the major currencies today. while investors sell profits After the dollar rebounded yesterday. Responding to strong US economic numbers
As of 10:15 p.m. PST, the dollar was down 0.41% to 133.31 yen, while the euro rose 0.13% to 136.21 yen and rebounded 0.51% to $1.022. The index measures the dollar’s movements once morest the six major currencies in the money basket, minus 0.45% to 106.03.
Pound weakened today After the Bank of England (BoE) warned that the British economy would enter a recession.
The BoE issued a statement warning that The British economy will go into recession from the fourth quarter of 2022 until the end of 2023.
The BoE says the UK economy will face five quarters of recession, the longest since the global financial crisis. British household incomes will fall sharply in 2022-2023 as consumption begins to shrink.
Investors keep an eye on the number of non-farm payrolls tomorrow. While analysts predicted that The number of jobs added 258,000 in July. Below 372,000 positions in June while the unemployment rate is expected to remain stable at 3.6%.
