ForexLive Americas FX news wrap: Payrolls provide a dollar boost 0 (0)

Forex news for North American trading on August 7, 2020:
Markets:
– Gold down $32 to $2031
– WTI crude down 43-cents to $42.52
– US 10-year yields up 2.8 bps to 0.564%
The July non-farm  payrolls report was better than expected, even with you adjusted for some  seasonal quirks. The data led to a round of US dollar gains

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Mnuchin: Will recommend Trump move forward with executive orders 0 (0)

Comments from Mnuchin
Reports say they’re something like $1 trillion apart on state/local funds. It’s a bit puzzling why Republican governors are so against this money. Instead, they’re going to have to drastically reduce services and cut workers. I don’t know in which world that’s a popular move. Or maybe that’s where the White House will

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US non-farm payrolls to set the tone ahead of the weekend? 0 (0)

The market is keeping a watchful eye ahead of the US jobs report later
There is a lot of focus on the US non-farm payrolls later today, as market participants are in search of more clues on how the rise in coronavirus cases across the US is impacting the labour market. At this point, it feels

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Germany proposes to bring forward stimulus spending of €26 billion to boost economy – report 0 (0)

Der Spiegel reports, citing a video call between senior government officials
The report says that the government plans to bring forward stimulus spending worth €16 billion for a total of €26 billion. This compares with the previous plan to speed up only €10 billion in investment in digital, security and defense projects.

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