Dollar loses grounds as the pandemic grows across borders

Daily Update - 7th April 2020

Yesterday’s markets

• Germany Factory Orders
• Japan Overall Household Spending

Yesterday’s explained

Germany released their factory orders which resulted positive boosting the common Currency Euro against the Dollar but has not caught up the losses previously lost to the Dollar.

Later on, that day Japan released their Overall Household Spending which showed a spike mainly due to the current Stay at Home process followed globally consumer household spending has risen in the current times.

 

Today’s markets

• Germany Industrial Production
• US JOLTS Job Openings

Today’s explained

German Industrial Production released by the Statistisches Bundesamt Deutschland measures outputs of the German factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector.

US will release their JOLTS job openings data which will give us an indication on the current economic strenght in the job sector of United States.