U.S. Dollar Price Shifted With The Jobs Report
Schwab Network
English - February 13, 2023 19:55 - 9 minutes - 109 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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"The U.S. Dollar price came off of 10-month lows and is trading around the $103 level. The currency lost about 12% off October 2022 highs. The reason for the price change was the unemployment report. If the consensus is that the Federal Reserve will hike interest rates, the U.S. Dollar will remain strong. Are we in a recession or not? What is the impact of Canada's blowout jobs number on U.S. financials? I think Chairman Jerome Powell is controlling what is happening in North America," says Chris Robinson.