U.S. Budget Deficit at $36.3 Billions
Euro still holds below the 1.3700 level after a major crisis on the world financial markets and currency interventions made by European and Japanese central banks. Dollar's fundamental future isn't looking bright, but from the technical side EUR/USD is turning the trendline down currently.
Yesterday's initial jobless claims news release wasn't very encouraging - 316,000 new claims - almost 10k higher than expected. This is a bad sign as the employment market looked better previous weeks.
Today export and import prices indexes were released - 2.8% and 1.5% respectively, which both much higher than expected numbers and previous months' numbers.
Budget deficit in June came out at $36.3 billion dollars, while experts expected $34.0 billion dollars deficit.
Overall fundamental data this week came out worse than several last weeks and this can affect Fed's decisions on interest rates change.
Yesterday's initial jobless claims news release wasn't very encouraging - 316,000 new claims - almost 10k higher than expected. This is a bad sign as the employment market looked better previous weeks.
Today export and import prices indexes were released - 2.8% and 1.5% respectively, which both much higher than expected numbers and previous months' numbers.
Budget deficit in June came out at $36.3 billion dollars, while experts expected $34.0 billion dollars deficit.
Overall fundamental data this week came out worse than several last weeks and this can affect Fed's decisions on interest rates change.
Labels: budget deficit, export prices, import prices
