NFP expected to rise by 62K in April amid firmer wage growth

NFP expected to rise by 62K in April amid firmer wage growth

The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for April on Friday at 12:30 GMT.  Investors will scrutinize the underlying details of the employment report to assess whether the Federal Reserve (Fed) is likely to consider an interest-rate cut later in the year.  What to expect from […]

US Dollar Index slips to near 98.00 as renewed US-Iran tensions de-escalate

US Dollar Index slips to near 98.00 as renewed US-Iran tensions de-escalate

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous day and trading around 98.20 during the Asian hours on Friday. The Greenback softens amid improving market sentiment driven by the de-escalation of renewed tensions in the […]