(+357) 22314160


Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities

05.05.2016 18:19

American focus: the US dollar strengthened significantly against the euro and Swiss franc

The US dollar rose significantly against the euro and the franc, updating the highs this month. Experts point increase in the demand for the US currency due to expectations the publication of a key US labor market report, which will be released tomorrow. It is expected that the number of people employed in non-agricultural sector increased by 202 thousand. After increasing by 215 thousand. In April. The unemployment rate is likely to remain at around 5.1%. If the forecasts are correct, it will be an additional argument for the Fed in favor of a gradual tightening of monetary policy. It should be emphasized in recent weeks, investors are actively put on the dollar's decline after Fed officials have signaled that they are in no hurry to increase interest rates in the coming months. Expectations of rate hikes tend to exert upward pressure on the dollar, as rising borrowing costs, making the US currency more attractive for investors. According to the quotations of futures on a bet the Fed, traders estimate the probability of a June rate increase of 11%.

The British pound traded mixed against the US dollar, while remaining near the level of opening of the session. Investors' attention was focused on by Britain and the US reports. As it became known, the index of business activity in the UK services sector in April was 52.3, lower than the previous value of 53.7 and analysts' expectations of 53.5. The April index indicator was the lowest in more than three years. Earlier this week, we were also published disappointing data on the index of industrial activity and construction sectors. According to analysts, the uncertainty associated with the outcome of the referendum on UK membership of the issue in the European Union is putting pressure on business sentiment.

With regard to the US data, the Ministry of Labor said the seasonally adjusted number of initial applications for unemployment benefits in the week ended April 30 rose by 17 000 to 274 000 (a five-week high). the last increase in rates were the highest in more than a year. Economists had expected the number of calls will increase only up to 260,000 from 257,000 the previous week. It is worth emphasizing the number of calls is less than 300 000 for 61 consecutive weeks, which is the longest series since 1973. Meanwhile, it became known that the moving average for 4 weeks, which smooths the volatile weekly data, rose by 2000 to 258 000. Meanwhile, the number of people who continue to receive unemployment benefits fell by 8,000 to 2.121 million . for the week ended April 23. The last reading was the lowest since November 2000.

Market Focus

  • U.S building permits and housing starts rose more than expected in January
  • Chicago Business Barometer rose to 67.6 in December, up from 63.9
  • U.S import and export prices rose more than expected in January
  • Canadian manufacturing sales declined 0.3% to $55.5 billion in December
February 2018
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


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

Fb twitter instagram linkedIn youtube
proficient forex broker teletrade
  • © 2011-2018 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
Request a callback
Top Page