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The US dollar falls after the release of US data – 08-06-2020

News Date: 8/6/2020 04:35:44

Here is the dollar whose weekly trading begins to decline against most major currencies, because of the release of US labor market data, which increased the possibility of an economic recovery, and the demand for the US dollar is expected to decrease.

The US dollar fell against both the New Zealand dollar, the British pound, and the Australian dollar, as the New Zealand dollar fell to 0.65 US dollars, achieving an increase of 4.56%, and the dollar fell against the British pound by 0.25% to the price of 1 , 27 dollars, and the Australian dollar fell 3.81% to 0.69 dollars.

While the US dollar pair against the euro reached $ 1.13, the US dollar pair against the Japanese yen reached $ 109.48, while the Swiss franc remained at the price of $ 1.04.

On the other hand, oil prices recorded an increase, as the price of Brent crude reached 42.81 dollars per barrel, or 1.2 percentage points, while Brent crude increased by 0.8, registering the price of 39.87 dollars, thanks to OPEC cuts, as an extension was approved. Reducing a production until the end of this month.

Japanese stocks will be higher due to the US data released by the labor market, which supports the economic recovery, and an agreement that gave investors more confidence and safety.

The Nikkei lost 1.13% to 23,121,98 points, while the broader Topix index climbed to 1628.61, up 1,00%.

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