Asian Session – Upbeat US numbers keep dollar well bid ahead of NFP
Posted on August 1, 2014 at 7:00 am GMTThe US dollar index was trading at its highest in 10 months following data recently that showed the US economy doing better than expected. An index of employment costs in the United States beat expectations the previous day, providing further fuel to the dollar’s rally. Interestingly, the possibility that the Fed will have to move faster than anticipated in raising interest rates, hurt US stocks, with benchmark indices posting their biggest daily loss in 4 months. It should be noted [..]