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Day: January 5, 2021

Scammers have taken $36 billion in fraudulent unemployment payments from American workers

Tom Williams | CQ-Roll Call, Inc. | Getty Images PUA fraud Most of the theft has focused on Pandemic Unemployment Assistance, a temporary program created by the federal CARES Act in March. It offers unemployment benefits to workers who don’t ordinarily qualify, like the self-employed, gig workers, freelancers, contractors and part-timers. Con artists are attracted …

Scammers have taken $36 billion in fraudulent unemployment payments from American workersRead More

US: Manufacturing Ends the Year on a High Note

TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is not guaranteed, nor in providing it does TD Bank Financial Group …

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USD/JPY Outlook: Dollar Expected to Remain in Red Regardless the Outcome of Georgia Senate Run-off

The dollar returned to red on Tuesday after Monday’s long-legged Doji and pressuring new multi-month low at 102.71. Broad dollar’s negative sentiment keeps in play risk for further weakness as bears gained fresh signal on December’s break and close below 200MMA (103.84). The run-off for Georgia’s two senate seats is the key event today, with …

USD/JPY Outlook: Dollar Expected to Remain in Red Regardless the Outcome of Georgia Senate Run-offRead More

Dollar Weakens in Quiet Markets, But Holding in Range

Dollar weakens again in rather quiet markets today. But there is no committed selling so far, as the greenback is staying inside yesterday’s range. European majors also soften, on lockdown concerns, and shrug of solid German economic data. Commodity currencies are stronger in general, even though risk markets are rather sluggish. US futures are pointing …

Dollar Weakens in Quiet Markets, But Holding in RangeRead More

GBP/USD Outlook: New National Lockdown and Fears of Sub-Zero Rates Could Sideline Larger Bulls

Cable is consolidating after Monday’s 0.62% drop, as bulls were deflated after cracking 1.37 barrier and hitting new 2 ½ year high. Despite bullish expectations, investors were cautious at the start of the year, considering risk of exploding new coronavirus cases and negative impact on economic recovery that deflated risk sentiment on the first trading …

GBP/USD Outlook: New National Lockdown and Fears of Sub-Zero Rates Could Sideline Larger BullsRead More

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