US dollar remains flat
The US dollar remained mostly flat in the beginning of April 9. Deals on the forex market have been suppressed by the near term event risk.
By 0705 GMT the US Dollar Index has been standing at 100.165 and remained mostly stable. EUR/USD has gone up 0.1% and reached 1.0861. GBP/USD stood flat at 1.2385. USD/JPY has gone up 0.1% and reached 108.95.
The market awaits the release of weekly update on US jobless claims, scheduled on 12:30 GMT. The metric has turned into one of the most important economic indicators of the pandemic’s impact.
Analysts hope to see a slight reduction of claims. Last week the claims reached a new height of 6.65 million. According to some forecasts, the overall amount of new claims in the country is going to rise above 20 million,
Traders also await the results of OPEC meeting that is supposed to take place later in the day. If the countries reach agreement, the situation on oil market can greatly improve.