Forex Information portal
Economists are predicting that Puerto Rico could run out of cash before August. With $70 billion in unpaid debt, what are the implications of a default?
The USD saw gains yesterday, after a positive ADP jobs report. Now, focus has shifted to today’s official non-farms report, set to be released at 12:30 GMT.
With GBP/USD trading within range of a key support level, traders will want to keep an eye on the pair for additional bearish movement.
As investors increasingly look to the US for signs of economic stability amid the Greek crisis, yesterday’s consumer confidence data helped boost confidence.