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Day: December 3, 2010
December 32010
Dollar Falls on Poor Employment Reports
The US dollar dropped today after the report showed that the unemployment rate in the US was at the highest level in 26 years as the US employers added only about one-third as many jobs as was expected, driving the investors away from the dollar to other currencies. The US nonfarm payrolls grew by 39,000 work places in November. That’s significantly less than the growth by 172,000 in the October and the forecast reading of 143,000. The unemployment rate grew to 9.8 […]
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December 32010
Euro Rises on German Grow. Can Rally Be Sustained?
The euro extended its rally against greenback for the third day today as the Bundesbank raised its forecast for Germany’s economic growth. The rally may be short-lived, though, as other countries of the European Union aren’t likely to repeat the German economic growth. Most analysts aren’t convinced that the European troubles would be solved in the near future as the European official just saying that everything will be okay instead providing the real […]
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December 32010
NZ Dollar Gains for Third Day vs. Greenback
The New Zealand dollar rose today against its US counterpart, posting the third day of gains, on the speculation that the report about the US non-farm payrolls would show the increase, spurring the demand for the higher-yielding currencies. The report today may show, according to the analysts’ estimate, the gain of 143,000 jobs in November. In October the payrolls grew 151,000, the highest increase since May. The optimism for the economy bolstered the commodities and the commodity currencies. The Thomson Reuters/CRB Commodity […]
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December 32010
EUR/USD Rallies for Third Day on Poor US Nonfarm Payrolls
The euro extended its rally against the dollar for a third day as nonfarm payrolls were far lower than expected and unemployment rate unexpectedly increased. Factory orders also were worse than forecast. EUR/USD currency pair currently trades near 1.3342. Nonfarm payrolls report showed that US employers added 39k jobs in November. The reading was a way lower than 172k in the October and the expected value of 143k. Unemployment […]
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December 32010
Franc Rises as ECB Meeting Doesn’t Provide Solution to Problems
The Swiss franc gained against the euro as the meeting of the European Central Bank’s policy makers failed to provide the solutions to the European sovereign-debt crisis. The currency also rose versus the US dollar after the report showed that the US jobless claims rose more than expected. The claims for the unemployment benefits in the US increased to 436,000 last week from 410,000 in the week before. The analysts expected the increase only to 425,000. Tomorrow’s report expected to show […]
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