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New York Exchange Market- USD Keeps Going Up Supported by Employment Numbers and GDP Report

01 Sep , 17 By account

New York Exchange Market- USD Keeps Going Up Supported by Employment Numbers and GDP Report

 

USD keeps rise higher. Private companies’ employment number is better than the expected. Besides, GDP in goes up and Euro tend to remain normal. All the factors support USD rising. USD keeps rise USDX GDP report.

 

USDX to currency basket rise to 92.8050. It ends at 92.06 in New York Tuesday. North Korea launched a missile pass through Japan on Tuesday. USDX fell to the lowest point in 30 months. However, the falling range decrease after and remain stable in the end. USD keeps rise USDX GDP report.

 

EURO fell to 1.1903 USD, and at 1.1974 Tuesday. USD broke 1.20 the psychological level on Tuesday Morning. The analyst said Euro above 1.20 USD is a little bit too high so fell under the level later. However, Euro might keep rise because inflation and economic growth data appear to be good. Euro fell 0.3% to 0.9240. GBP stop the rising of Euro as well. Since this year, USDX fell about 9.5% while Euro to USD increased 14%.

 

ADP announced that the new employment number to private companies in US August is 237 thousand. It’s much higher than 185 thousand the expected. The US will make public the employment report August on Friday. It is very important to the investors.

 

On Wednesday, US announced that the Q2 GDP increased number is 3% instead of 2.6%. The market expected 2.8% actually. Wednesday, investors keep followed the impacts of the missile from North Korea and Hurricane Harvey. Later today, Trump will have a speech about tax reforming in Missouri.

 

In the other exchanging, USD increased to 110.24 JPY. End at 109.75 on Tuesday. GBP fell a bit to 1.2899 USD. End at 1.2919 Tuesday.

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