Unemployment — News Archive

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British Pound Hits New Lows on Brexit Deal and Positive NFP Data

The British pound today hit news lows despite news of a Brexit deal between the EU and the UK allowing for trade talks to begin. The pound headed much lower after the release of positive US non-farm payrolls data in the early American session.

Canadian Dollar Rises Sharply on Booming Employment, Rising GDP

The Canadian dollar jumped sharply today following the release of the stellar employment data in Canada. The better-than-expected GDP print did not hurt the currency either.

Euro Rallies to New Highs Against US Dollar on PCE Data

The EUR/USD currency pair today rallied to new highs after the release of US Personal Consumption Expenditure report in the early American session. The currency pair had been trending downwards after the release of the Eurozone Consumer Price Index, which was below expectations.

British Pound Declines Against US Dollar on UK Labour Report

The British pound today briefly rallied higher against the US dollar after the release of the UK employment data by the Office for National Statistics, which beat expectations. However, the rally was short-lived as the GBP/USD currency pair retraced all its gains within the same hour as markets reviewed the labor report.

Swiss Franc Supported by Low Unemployment

The Swiss franc was flat against some currencies and rose versus others today as a report showed that unemployment in Switzerland remained extremely low.

US Dollar Rallies Against Peers on Strong Services PMI Data

The US dollar today rallied against its main peers such as the euro and the British pound after the release of positive Services PMI data. The US dollar recovered from a poor showing after the release of non-farm payrolls data in the early North American session.

USD/CAD Sinks to New Lows on Labor Market Reports

The US dollar today weakened against its Canadian counterpart after the release of upbeat Canadian employment data by Statistics Canada. The release of disappointing US non-farm payrolls report also contributed to the USD/CAD currency pair’s decline.

US Dollar Falls Against Euro Ahead of New Federal Reserve Chair Announcement

The US dollar declined against the euro on Thursday as investors anticipated the announcement of the new Federal Reserve Chair. The greenback failed to climb despite positive data releases today, which showed strong nonfarm productivity and fewer applications for unemployment benefits.

US Dollar Struggles to Rise Against Euro Despite Strong Consumer Confidence

The US dollar traded within a tight range against the euro on Tuesday despite a strong reading for consumer confidence in the United States. The greenback struggled to move higher today as mixed data in the eurozone gave enough support for the shared currency to hold its ground.

AUD Gains on USD, Falls vs. Other Major Despite Supportive Data

The Australian dollar rallied against its US counterpart but fell against other most-traded rivals during the current trading session. That is despite the strong domestic employment data and decent macroeconomic reports released from China, Australia’s biggest trading partner.

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