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US dollar against a basket of major currencies on Thursday reversed the previous decline, after the release of the US economic data stronger than expected, so that the focus of the market once again returned to the generally expected US Federal Reserve Board (FED / Fed) rate hike.
The Swiss franc and the yen retreated to the dollar, after the US continued unemployment claims fell to 28-year low, the Philadelphia Fed manufacturing index than analysts expected nearly doubled.
"The US economic data distracts from the unfavorable news from Washington," said Joe Manimbo, senior market analyst at Western Union Business Solutions. "The number of claims for unemployment benefits and the Philadelphia Fed supports faster economic growth in the second quarter and the Federal Reserve's next month Expected.
In recent weeks, the US inflation and economic growth were weak, and President Trump removed the FBI Director Komi and the news of the relationship between the members of the Trump government and Russia, weakening the rate hike.
Manimbo said he expects economic data to help boost investors' expectations of the Federal Reserve's rate hike at the next meeting on June 13-14.
In the afternoon of the transaction, the US bond yields higher, US stocks rose to intraday high, boost the dollar. Yesterday US stocks suffered more than eight months of the worst performance.
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