Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


03.06.2011 17:11

US focus: Dollar declines after US Payrolls report

The dollar fell, reaching a one-month low against the yen, after a report showed U.S. employers in May added the fewest jobs in eight months, increasing concern the recovery is slowing.
The U.S. currency dropped to a record low against the Swiss franc as investors sought haven assets after the jobless rate unexpectedly rose to 9.1%.

The dollar has dropped 5.8% this year. The euro has gained 3% this year and the yen has dropped 4.7%.
U.S. payrolls increased by a less-than-projected 54,000 last month, after a revised 232,000 gain in April that was smaller than initially reported, Labor Department figures showed today. The median forecast called for payrolls to rise 165,000. The jobless rate climbed to the highest level this year from 9% a month earlier.
“It’s an ugly, ugly number. It shows a considerable slowdown in economic activity,” said Boris Schlossberg at GFT Forex.
The Institute for Supply Management’s index of U.S. non- manufacturing business increased to 54.6 in May from 52.8 a month earlier. The median forecast projected the measure would rise to 54.
A report earlier this week showed manufacturing in the U.S. last month expanded at the slowest pace since September. Home prices in 20 U.S. cities dropped to the lowest level since 2003 in March, another report showed.
The Fed has kept its benchmark interest rate at a record low of zero to 0.25% since December 2008. The European Central Bank raised its rate by 25 basis points in April and the Reserve Bank of Australia has raised its benchmark rate seven times since the financial crisis.
The euro rose to a one-month high against the dollar as Greece’s government said a review of the country’s economic progress by the European Union, International Monetary Fund and European Central Bank concluded “positively.”

03.06.2011 17:43

USD/JPY weakened

03.06.2011 15:05

Techs on S&P 500

Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page