Day: June 1, 2017

June 1
2017

US Dollar Climbs Against Euro as Labor Market Conditions Improve

The US dollar rose against the euro on Thursday following a new report on the conditions of the US labor market, which revealed numbers that beat estimates. The greenback was further supported by data showing strong industrial activity in May as new orders and employment increased. The ADP Research Institute published a report at 12:15 GMT today that said that the US private sector hired 253,000 new employees in May from 174,000 in April. […]

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June 1
2017

US Dollar Climbs Against Euro as Labor Market Conditions Improve

The US dollar rose against the euro on Thursday following a new report on the conditions of the US labor market, which revealed numbers that beat estimates. The greenback was further supported by data showing strong industrial activity in May as new orders and employment increased. The ADP Research Institute published a report at 12:15 GMT today that said that the US private sector hired 253,000 new employees in May from 174,000 in April. […]

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June 1
2017

US Employment Shows Strong Growth, EUR/USD Falls

EUR/USD was falling today and the decline accelerated after US employment showed a very robust growth. Other reports from the United States were either neutral (manufacturing) or bad (jobless claims and construction spending), but it looks like markets focused singularly on the employment data. Hawkish comments from John Williams, President of the San Francisco Federal Reserve Bank, were also driving the currency pair down. ADP employment […]

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June 1
2017

NZ Dollar Posts Limited Losses, Attempts to Bounce vs. Euro

The New Zealand dollar fell today, but its losses were limited. In fact, the currency almost erased the decline versus the euro. New Zealand overseas trade rose 5.1% in the March quarter from the previous three months. While the growth was slower than 5.8% in the December quarter, it was still above the analysts’ median projection of 4.0%. The report was not that bad, which means the drop of the New Zealand […]

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June 1
2017

NZ Dollar Posts Limited Losses, Attempts to Bounce vs. Euro

The New Zealand dollar fell today, but its losses were limited. In fact, the currency almost erased the decline versus the euro. New Zealand overseas trade rose 5.1% in the March quarter from the previous three months. While the growth was slower than 5.8% in the December quarter, it was still above the analysts’ median projection of 4.0%. The report was not that bad, which means the drop of the New Zealand […]

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June 1
2017

Aussie Down as Chinese Economic Data Overshadows Australian

The Australian dollar fell today against its major peers as poor China’s macroeconomic data overshadowed decent reports released in Australia. China is the biggest trading partner of Australia, therefore its economic performance has a big impact on the Australian currency. Australian retail sales climbed 1.0% in April from March, seasonally adjusted, far above market expectations of 0.3%. Private capital expenditure rose 0.3% in the March quarter from […]

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June 1
2017

Aussie Down as Chinese Economic Data Overshadows Australian

The Australian dollar fell today against its major peers as poor China’s macroeconomic data overshadowed decent reports released in Australia. China is the biggest trading partner of Australia, therefore its economic performance has a big impact on the Australian currency. Australian retail sales climbed 1.0% in April from March, seasonally adjusted, far above market expectations of 0.3%. Private capital expenditure rose 0.3% in the March quarter from […]

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