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08.05.2015 18:20

American focus: the pound rose against the dollar

The dollar stabilized against the euro after the sharp fluctuations in the background data on the US labor market. Analysts point out that the results of the employment report did not affect the position of the Federal Reserve, which expects the pressures on the US economy will weaken, and the economy will get stronger. Experts also said that employment rates were good, but not good enough to raise short-term expectations for Fed rate, which limited the potential for growth of the dollar and reduce the EUR / USD. Recall, the Ministry of Labor said the number of people employed in non-agricultural sectors of the economy increased from a seasonally adjusted 223,000 in April, rebounding from a weak March value. The report stated that the US added just 85,000 jobs in March, compared with the previously reported 126 000. In addition, the economy added 266,000 in February, slightly above the previously reported 264 000. The unemployment rate is calculated from a separate survey of households , down to 5.4% in April to 5.5% in March. The decrease reflects the positive changes: the labor force has increased, as more Americans were involved in the search for work and the number of Americans who found a job increased. The unemployment rate is close to the expected level of the Fed's "full" employment, which it is determined between 5% and 5.2%. Economists had expected growth of employment by 224 000 or 5.4% unemployment rate. Initial assessment of the April report is likely to be revised after the government gather fresh data.

The pound retreated from a session high against the dollar, but still continues to show an increase on the background of the results of parliamentary elections in the UK. Contrary to the predictions and opinion polls, an overwhelming victory in the general election in Britain, won the Conservative Party. The Tories won a majority in the new parliament - 327 seats. Conservative leader David Cameron has announced its intention to form a government without creating a coalition with other parties. The Labour Party received almost 100 mandates less than the Tories, and were worse than in the last election in 2010. Labour leader Ed Miliband announced his resignation. Even more crushing defeat suffered Liberal Democratic Party lost 47 seats. In the new parliament, the Liberal Democrats will have a total of eight seats. After winning his polling station Tory leader David Cameron promised to "unite the country." Cameron also reiterated his campaign promise to spend the next few years a referendum on Britain's membership of the European Union. However, the business is not very happily accepts the promise: experts estimate the Bertelsmann Foundation, the loss of the British economy will reach 224 billion dollars.

The Canadian dollar strengthened against the US dollar, entrenched below $ 1.21, which is associated with the publication of data on employment United States and Canada. Recall, the Canadian economy has reduced jobs in April, while the unemployment rate remained unchanged, as fewer people were looking for work and were marked by heavy losses in retail trade and construction. Canada recorded a decline of 19,700 jobs in April, said Friday Statistics Canada, noting the biggest decline in eight months. Market expectations were at a decline of 5,000 jobs. The unemployment rate in Canada remained unchanged in April and remained at 6.8%. Economists had expected the unemployment rate to rise to 6.9% .Otchet employment pointed out that 18,900 people left the labor force this month.

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