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Day: May 2, 2014
May 22014
Euro Struggles as Unemployment Remains High
Euro is struggling today, and is mostly lower against many of its counterparts. This is largely due to the latest round of data released by European Union leaders. With the unemployment rate still high, the current worry is stagnation, even with better manufacturing data. The latest release of unemployment data for the eurozone shows that the jobless rate is still high, at 11.8 per cent for March. This is near […]
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May 22014
Taiwan Dollar Rallies as Growth Makes Currency Attractive
The Taiwan dollar rose today and headed to a weekly gain on hoped that economic growth and the rally of nation’s stocks will attract more investors to the emerging economy. The government report showed that Taiwan’s gross domestic product grew 3.04 percent in the first quarter of 2014 from a year ago, a bit more than was expected. Global funds expanded their holdings of nation’s equities by $3.1 billion this quarter. The positive developments […]
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May 22014
Dollar Jumps as Non-Farm Payrolls Beat Expectations
The US dollar jumped against most its major counterparts today after non-farm payrolls came out even better than optimistic forecasts and the unemployment rate declined more than was predicted by analysts. US non-farm payrolls added 288,000 in April after rising 203,000 in March (revised from 192,000). The consensus forecast promised smaller growth by 216,000. Moreover, the unemployment rate edged down from 6.7 percent to 6.3 […]
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May 22014
Loonie Rides Greenback’s Coattails Against European Currencies
Canadian dollar is higher against its European counterparts, riding the coattails of the greenback. Positive news out of the United States is helping the North American currencies, sending them higher against the euro and the pound. The nonfarm payrolls report is out for April in the United States, and the news is helping matters in North America. The United States added 288,000 jobs in April, and the unemployment rate fell to 6.3 per cent. This is […]
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May 22014
NFP Grow Beyond Expectations, EUR/USD Sinks
EUR/USD slumped today as growth of nonfarm payrolls came out much bigger than Forex market participants have counted on. Factory orders disappointed somewhat, but this did not help the currency pair to rebound. US nonfarm payrolls increased by 288k in April, exceeding traders’ expectations of 216k by a wide margin. The February growth was revised positively from 192k to 203k. What is more, the unemployment rate dropped […]
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