Dollar Remains Subdued After Jobs Data

RTTNews | 1068 дней спустя
Dollar Remains Subdued After Jobs Data

(RTTNews) - The U.S. dollar swung between gains and losses on Friday after data showed a bigger than expected increase in U.S. non-farm payrolls in the month of June.

Data released by the Labor Department today showed non-farm payroll employment jumped by 372,000 jobs in June after surging by a revised 384,000 jobs in May.

Economists had expected employment to increase by 268,000 jobs compared to the addition of 390,000 jobs originally reported for the previous month.

Meanwhile, the report showed the unemployment remained at 3.6% for the fourth month in a row, matching economist estimates.

The data has eased worries about the economy while also adding to concerns about aggressive interest rate hikes by the Federal Reserve.

Federal Reserve governors Christopher Waller and St. Louis Fed President James Bullard on Thursday backed another big interest-rate rise in July but said they think recession fears are overblown.

The dollar index, which climbed to 107.79 in the Asian session, dropped to 106.98 around late morning. The index was last seen hovering around 106.95, down 0.17% from the previous close.

Against the Euro, the dollar has weakened to $1.0182, after having firmed to $1.0076 during the Asian session.

The dollar is trading at $1.2028 against Pound Sterling, little changed from the previous close.

Against the Japanese currency, the dollar is stronger, fetching 136.11 yen a unit.

The dollar has weakened to 0.6851 against the Aussie. The Swiss franc is weak at 0.9769 a dollar.

Against the Loonie, the dollar weak at C$1.2952 on higher crude oil prices and strong jobs data.

read more
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | 43 минут назад
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | 1ч 30мин назад
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | 2ч 39мин назад
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 3ч 45мин назад
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 3ч 54мин назад
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 3ч 56мин назад