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Day: July 8, 2011
July 82011
US Dollar Weakens on Very Bad Payrolls
The US dollar weakened today against most major currencies after the government report showed that growth the US non-farm payrolls was much lower than predicted and the unemployment rate unexpectedly increased. The US currency advanced versus the euro. The non-farm payrolls added only 18,000 in June, while the expected value was 97,000. The unemployment rate edged up from 9.1 percent to 9.2 percent. The growth of the payrolls was […]
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July 82011
Thai Baht Advances on Overseas Inflows
The Thai baht rose today, together with other Asian currencies, on the speculation that the growing economy and increasing interest rates will draw inflows of foreign funds in the nation’s economy. Pheu Thai party won a clear majority in the elections last week, easing concerns about political unrest. The Bloomberg-JPMorgan Asia Dollar Index gained 0.3 percent this week, reaching today the highest level in 14 years of 119.40. Global funds […]
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July 82011
GBP/USD Goes Higher on UK PPI
The Great Britain pound rallied today against the US dollar as the data from the UK producers was positive, improving outlook for Britain’s economy and currency. The output Producer Price Index rose 0.1 percent in June from May, matching forecasts. The input PPI increased 0.4 percent. The expected increase was by 0.4 percent. The input fell 1.7 percent in May, while the May growth of output was 0.2 percent. GBP/USD climbed […]
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July 82011
EUR/USD Falls Even After Bad US Payrolls
EUR/USD fell today on concerns about indebted nations of the European Union. The currency pair jumped after the report showed that the US nonfarm payrolls grew last month grew in June with slowest pace in nine months and the unemployment rate unexpectedly increased, but quickly erased gains and resumed its decline. EUR/USD trades now at 1.4247. Nonfarm payroll was almost unchanged in June, showing an increase by only 18k, even […]
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July 82011
Canadian Dollar Surge on Positive Employment Data
The Canadian dollar jumped on the positive report about the employment in the US and on the optimistic outlook for other employment reports from the US and Canada. The positive report from Automatic Data Processing Inc. about the US employment improved mood on market. Market sentiment was already positive as the increase of interest rates by the European Central Bank and prospect for future increases made investors willing to buy riskier assets. Today, the reports are expected to be moderately […]
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