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Day: February 6, 2015
February 62015
Excellent Employment Report Makes Canadian Dollar Stronger
The Canadian dollar gained today with the help of the excellent employment report. While the loonie was unable to beat the US dollar, the currency demonstrated big gains against its other major peers. Statistics Canada reported that Canadian employment grew by 35,400 jobs in January. It is a much bigger increase than gain of 4,700 predicted by analysts. As additional positive news, the unemployment rate slipped by 0.1 percentage point to 6.6 […]
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February 62015
Dollars Shoots to Upside After Stellar Non-Farm Payrolls
The US dollar soared today after US non-farm payrolls demonstrated amazing figures even though the unemployment rate increased. The greenback was especially strong against the Japanese yen. Non-farm payrolls showed that US employers added as much as 257,000 jobs in January, beating analysts’ expectations. On top of that, the December growth received a massive positive revision from 252,000 to 329,000. What is more, wages were growing faster […]
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February 62015
Nonfarm Payrolls Drag EUR/USD Down
Trading was choppy this week as the euro-dollar currency pair was moving one day up and other day down. The Friday’s trading session continued the trend as EUR/USD went down after Thursday’s gains. The reason for the drop was stellar US nonfarm payrolls. Nonfarm payrolls grew by 257k in January, exceeding the consensus analysts’ forecast of 236k. Moreover, the December’s reading was massively revised from 252k to 329k. At the same time, […]
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