On Friday the USD went down after the U.S. (NFP) got in below expectations with only a gain of 134.00. The unemployment rate fell to 3.7 % and wage growth continued unchanged at 0.3 %. The greenback is still powerful versus the most major currencies on a weekly basis. The week we had in focus, central banks, and important economic indicators, but the main driver continues to be the trade tensions between the United States and China. On other news the rupee fell into a record-low area and it is doubtful if it can slow down its descent. Turkish lira continued to fall with no new actions from the Turkey Government and Italy start with a sentence, that they might not be able to save their economy.
China, Brexit, Iran and Italy going wild this week
Weekly Report - 08/10/2018