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US Dollar – 2 Reasons why Friday is the Big Day

From bkassetmanagement.com

This Friday is a big day for currencies, equities and Treasuries. Its Congress’ self-imposed deadline for a stimulus package and the scheduled release of non-farm payrolls. Based on the decline in the dollar, investors are worried that job growth will slow and the deadline will pass with no agreement. According to House Speaker Nancy Pelosi, there’s light at the end of the tunnel but Democrats and Republicans still can’t agree on topline numbers so there’s probably an 85% chance that Friday will pass with no deal. According to White House Chief of Staff Mr. Meadows, if nothing happens by tomorrow, his optimism will ... (full story)

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  • Category: Fundamental Analysis