Forex today: lots of movement
The US dollar index is falling. It has declined to $93.90 from the Friday’s high of $94.20.
Firm American job surge is anticipated in December
In December, American employers maintained a brisk tempo of hiring, while lifting wages for employees amid strengthening confidence in the US economy that could pave the way for the key US bank to lift interest rates in March.
The previous month nonfarm payrolls soared by 190,000 jobs, according to a Reuters poll of market experts, following a revenue of 228,000 in November. Notwithstanding the expected moderation, employment gains would still stay above the monthly average of about 170,000 for the last three months.
Obviously, harsh weather in some parts of America probably contributed to December’s job surge slowdown.
For all of the previous year, the American economy is anticipated to have generated nearly 2 million jobs, which is a bit below the 2.2 million gained in 2016. A bit later on Friday the Labor Department is expected to publish its closely watched employment report.
In December, average hourly earnings tacked on 0.3% having soared 0.2% in the previous month.
Similar
US orders for durable goods dive more than predicted in April
In April, orders for durable goods in the United States went down by about 1…
#WeeklyCryptoNews
Bitcoin is plunging. Negative comments in the media and stricter regulations continue to weight on the cryptocurrency.
Popular
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
