|08:00||Eurozone||Private Loans, Y/Y||May||3%||3.2%||3%|
|08:00||Eurozone||M3 money supply, adjusted y/y||May||8.3%||8.6%||8.9%|
USD traded mixed against its major counterparts in the European session on Friday after the United States reported a record-high single-day spike in new coronavirus infections on Thursday, fueling worries that a resurgence of the virus could shutter portions of the economy.
USD rose against GBP, AUD and CAD, fell against JPY and NZD, and changed little against EUR and CHF.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, edged up 0.03% to 97.46.
New coronavirus cases in the U.S. jumped by nearly 40,000 yesterday, led by a surge in infections in some southern and western states. On this background, Texas' Governor Greg Abbott suspended his state's re-opening plans, while California Governor Gavin Newsom declared a budget emergency.
According to the Johns Hopkins Center for Systems Science and Engineering, the total number of confirmed global cases of the COVID-19 rose to 9,632,969, with the U.S. recording 2,422,312 coronavirus cases, the most in the world.
Additional pressure on USD was put by investors' bets that the Fed will provide more financial stimulus if the U.S. economy experiences a second wave of shutdowns.
On Thursday, the Fed released its stress test results and sensitivity analysis for the banks, which revealed that some banks could get close to minimum capital levels in scenarios related to the coronavirus pandemic. Because of this, the Fed is to require banks to suspend share repurchases and keep dividend payments at current levels for the third quarter..
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2020 TeleTrade-DJ International Consulting Ltd
TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.