Forex
Dollar rate today live: What is happening to the dollar today?

As you know, the dollar exchange rate has been lagging lately. We all wish wars would end as quickly as possible, but sometimes they last for years, sometimes decades. The Fed’s war on inflation is no exception. Investors are eagerly waiting for the labor market to finally start cooling down. And it isn’t thinking about it. A 528,000 gain in employment in July showed that the labor market is still hot as a stove. And if so, inflation will remain hot for a long time to come.
Dollar rate today live – what’s going on?
A strong labor market report will dissuade investors that the Fed can only raise the federal funds rate to 3.5% and then start lowering it. In fact, even 4% now doesn’t look like a ceiling. Surely the September FOMC meeting will consider a 75bp increase in borrowing costs, which should cool the fervor of the S&P 500 bulls, inflate Treasury yields, and strengthen the U.S. dollar.
Such asset dynamics will lead to a tightening of financial conditions. This is what the Fed is pushing for, but the central bank still has a lot of work to do. Especially considering the fact that the index has been rising lately.
“Bears” on EURUSD kept two of their key trump cards in hand: the divergence in the monetary policy of the ECB and the Fed, as well as the high demand for shelter assets amid the difficult economic and geopolitical situation in the world. Expectations for strong statistics on U.S. inflation could become a new catalyst for a major currency pair peak.
Bloomberg experts expect a slowdown in consumer prices in July from 9.1% to 8.7% and an acceleration in core inflation from 5.9% to 6.1%. The indicators will continue to be at elevated levels, hinting that the Fed is far from having done its job yet.
Technically, on the EURUSD daily chart, the pair’s drop below fair value at 1.019 indicates that the bears’ intentions are serious. Failure to return to this level is a reason to sell the euro against the U.S. dollar in the direction of 1.007 and 1.
Forex
ITB (International Trading Brachium) Broker Announced Its YouTube channel

(Mahe, Seychelles-March 08, 2023) – ITB BROKER, LLC, an international forex broker, has announced that with our community growing, we believe that this will be the most effective medium to communicate with and so, we’re proud to announce the launch of ITB YouTube channel .
When a picture speaks a thousand words, How about a video?
- Throughout our community building initiative, we strongly believe in video as our means of communication. Video has played a pivotal role in describing our futuristic services to our audience and in communicating our disruptive vision to potential traders or investors.
- Over the next few weeks, we will be launching interesting videos on upcoming ITB features, bonuses, partnership or IB announcements and financial market expert interviews.
- YouTube is a great place to pick up forex trading tips and learn how to use them in the real world.
There are a number of YouTubers that make great educational videos, perfect for beginners or those considering taking up forex trading. ITB group with over 10 years of financial experience provides you with useful tips and hints of forex trading via its YouTube channel.
About ITB
ITB Broker or ITBFX is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services.
Founded in 2017, the company’s mission is to provide enthusiastic traders with access to the world’s largest and most liquid market by offering innovative trading tools, applying excellent trading platform, meeting strict financial standards, and striving for the best online trading experience in the market.
In addition, ITB offers educational courses on FX trading and Cryptocurrencies on academy section of ITBFX website.

Forex
U.S. budget deficit totaled $262 billion in February

According to a report from the U.S. Treasury Department, the U.S. budget deficit in February was $262,434 billion compared to a $38.8 billion deficit in January. The Dow 30 also had problems.
Analysts at DailyFX suggested that the nation’s budget deficit for February was expected to be $256 billion. A year earlier, in February, the U.S. posted a budget deficit of $216,590 billion.
According to the GAO report, U.S. government spending rose 3.5 percent year over year last month to $524.548 billion, while revenue, in contrast, declined 9.5 percent to $262,114 billion.
Earlier, the U.S. edition of the Washington Post published an editorial stating that the new draft budget proposed by the Biden administration undermines U.S. national security and its ability to invest in the future, because it suggests a further growth of the U.S. national debt.
The WP editorial board noted that the new draft budget assumes a $2 trillion budget deficit, including due to the high cost of providing health insurance to the elderly of the baby boomer generation.
Earlier we reported that the EU has agreed to reduce energy consumption by 11.7% by 2030.
Forex
The EU has agreed to reduce energy consumption by 11.7% by 2030

The European Union has agreed to reduce the bloc’s energy consumption by 11.7 percent by 2030, Reuters reported.
“This will mean a real change in favor of the climate and to the detriment of Putin,” the Danish Niels Fulsang, the European Parliament’s lead negotiator, told the agency.
Initially, in 2021, the EU proposed to reduce consumption by 9%, but in May 2022, against the background of events in Ukraine, increased the target to 13% to quickly abandon Russian energy, writes Forbes. The European Parliament considered it necessary to reduce consumption by 14%. The DAX Index also had problems.
Some EU countries have continued to insist on a 9% cut. An all-night negotiation between the EU and the European Parliament resulted in a compromise: the energy consumption of EU end-users, such as households and businesses, must be 11.7 percent lower than expected in 2030.
The agreement must pass final approval by the European Parliament and EU countries before it can become legally binding.
Earlier, we reported that consumers expect lower inflation in the eurozone, higher wages.
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