The Australian dollar is struggling to hold the lead against the kiwi.The high under-employment numbers in Australia are outshining the rising employment numbers indicating low domestic trade.New Zealand has capitalized on Australia’s spat with China by signing a free-trade agreement. The AUD/NZD trading pair bounced off from the monthly lows of 1.0544 on February 3, 2021, … [Read more...] about AUD/NZD: Australian Dollar Headed for a Dull 2021
Forex News
Household Spending Expectations Rise amidst Static Earnings Growth Prospects
Consumer expectations of household spending for the year ahead rose by 0.8 percentage point to 4.2%, according to the Federal Reserve Bank of New York press release. The growth expectations mark the second-largest month-to-month increase in the history of the series The earnings growth prospects were flat for the sixth consecutive monthThe mean perceived probability of … [Read more...] about Household Spending Expectations Rise amidst Static Earnings Growth Prospects
Biden to Take a Personal Initiative in Stimulus Package Drive
White House plans weekly social media posts with President Joe Biden chats to make a strong case for the passage of the stimulus package, according to Bloomberg. The effort aims to communicate directly with Americans affected by the economic fallout of the coronavirus pandemic. Through the White House social media accounts, Biden termed claims that America can keep … [Read more...] about Biden to Take a Personal Initiative in Stimulus Package Drive
U.S. Trade Deficit Surged to a 12-Year High of $678.7 Billion Last Year
U.S trade deficit rose by 17.7% to $678.7 billion in 2020, the highest since 2008, according to the Bureau of Economic Analysis press release. The jump in the trade deficit was brought by the COVID-19 pandemic, which disrupted the flow of goods and services. Exports of goods and services fell 15.7% to their lowest level since 2010.Imports of goods and services tumbled 9.5% … [Read more...] about U.S. Trade Deficit Surged to a 12-Year High of $678.7 Billion Last Year
U.S. Nonfarm Payroll Employment. Job Growth Changed at 49,000 Gains
The U.S. added 49,000 jobs in January, less than expected 105,000, according to the Bureau of Labor Statistics press release. The unemployment rate fell by 0.4 percentage points to 6.3% in January, less than expected 6.7%. Private payrolls in January rose by 6,000, more than estimated 163,000.Average hourly earnings rose 0.2% from December, below expected 0.3%Job … [Read more...] about U.S. Nonfarm Payroll Employment. Job Growth Changed at 49,000 Gains
