The US Dollar falls -0.08% against the Ringgit this Thursday and is now trading at 4.7250. Despite the downward movement, the main market feeling is indecision, which is evident due to the small candle on the daily chart. The Initial Jobless Claims data came in slightly lower than expected (207k real against 210k predicted), but as the difference was small, this was not enough to move investors. The market is also a little calmer today due to fears about the release of US Unemployment data tomorrow. Nonfarm Payroll is an economic indicator that measures job creation in the US excluding the agricultural sector and is seen as the most important data for the global economy. Due to the importance of this information, the market tends to be a little more apprehensive the day before the release of the NFP.
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© 2019 High Leverage FX - All Rights Reserved.