The US dollar has rebounded to its continual upward trend after picking up an economic boost.USD had been cornered by other major currencies over the last couple of days, giving it the slightest signal to upturn.
This week, the US dollar has regained its market muscles, fiercely thrashing other major economic currencies, especially GBP and JPY after the US economy surpassed other jumbo countries’ economies.
USDJPY -dollar has surged from 137.300 to 141.900.
GBPUSD -the dollar has cornered GBP from 1.31237 to 1.28530.
The US dollar’s bullish trend remains positive as it receives a major economic boost ahead of the FED interest rate decision next week.
Initial jobless claims Actual 228k, previous 237k
Continuing jobless claim 1754k, previous 1721k.
