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The dollar index, which is a measure of the movement of the dollar against 6 major currencies in a money basket. It recovered for the third day today, fueled by the disclosure of US service numbers. USA That they are better than analysts had predicted.
At 10:54 pm Thai time, the dollar depreciated 0.20% to 106.51 yen, while the euro fell 0.78% to 115.49 yen and 0.55% to $ 1.0850. The dollar index increased 0.26% to 99.74.
A survey by the US Institute for Supply Management. USA (ISM) found that the US service sector index. USA It contracted for the first time in more than a decade, under pressure from disruption of business activity. While the government issued a blocking measure to prevent the outbreak of the Covid-19 virus. What affects employment AND new orders
The US Service Sector Index USA It fell to 41.8 in April from 52.5 in March, but was higher than analysts had forecast at 40.0.
The US Service Sector Index USA It fell below 50 in April, indicating a contraction in the service sector. After expanding for 122 consecutive months
The US Service Sector Index USA It contracted for the first time since December 2009. And it is the worst contraction since March 2009. At that time the index reached level 40
Furthermore, the dollar was fueled by a new trade war between the United States and China. After President Donald Trump threatens to impose new tariffs on Chinese products In response to China, the source of the Covid-19 virus outbreak Affecting the US and global economy
The euro depreciates today. After the German Constitutional Court ruled that the Bundesbank, Germany’s central bank must stop buying government bonds if the European Central Bank (ECB) cannot demonstrate that it is necessary to buy bonds
