Unemployment — News Archive

    Archives

Euro Heads to End Friday Weakest Despite Decent Macro Indicators

The euro was heading to end Friday as the weakest major currency on the Forex market. The shared 19-nation currency fell even against the US dollar, despite rising initially after the release of terrible US nonfarm payrolls. At the same time, the euro is currently trying to rebound versus the New Zealand dollar.

Canadian Dollar Trails Resurgent US Peer on Disappointing Jobs Data

The Canadian dollar today lost ground against the dollar for the third consecutive session despite rising global crude oil prices as the greenback rallied. The USD/CAD currency pair edged higher for the third consecutive session following the release of disappointing employment reports from both Canada and the US.

US Dollar, Treasurys Rise As Economy Lost 140,000 Jobs

The US dollar is looking to log a gain in the first trading week of 2021 as investors potentially seek refuge in the conventional safe-haven asset. The US government reported a worse-than-expected jobs report for December, driven by a resurgence in the coronavirus pandemic that is approaching 300,000 new infections per day. Is the greenback on the verge of facing a correction higher?

Euro Rallies As Investors Turn Bullish on US Data, Georgia Election

The euro today rallied higher against the dollar during the American session boosted by positive US releases, a weak dollar and bullish investor sentiment. The EUR/USD currency pair had traded in a tight range earlier in the day despite positive euro area releases including the upbeat German retail data.

USD/RUB Rises Amid Mixed Economic Data, Wheat Taxes

The Russian ruble is continuing to pare its gains from the last month amid mixed economic data. But experts think that Russia will begin to recover next year, joining the rebound in the broader global economy. With a commodities boom, could Moscow see a dramatic resurgence over the next 12 to 18 months?

Canadian Dollar Rallies Against US Peer on Upbeat Jobs Report, Crude Prices

The Canadian dollar today rallied against its US peer after the release of employment reports from both countries with Canada’s beating analysts expectations. The USD/CAD currency pair fell to multi-year lows last seen in October 2018 as the loonie rallied against the weak greenback during the American session.

USD/CAD Struggles for Direction As Initial Jobless Claims Fall to Pandemic-Era Low

The US dollar maintained its bearish pattern on Thursday after the US government reported a new coronavirus pandemic-era low for the number of Americans filing for first-time unemployment benefits. The greenback has had a roller coaster ride throughout the public health crisis, hitting a multi-year pique of 103.00 before cratering 15% to its lowest level since early 2018. Has the greenback hit bottom, or is there still room for hemorrhaging?

EUR/USD Falls Despite Positive Eurozone Macro Releases

EUR/USD fell today despite all macroeconomic reports released in the eurozone during Wednesday’s trading session were good, and the vast majority of them beat expectations. Against other rivals, the euro did not show a unified performance, rising against some but falling against others.

Yen Weakest Despite Better-than-Expected Domestic Reports

The Japanese yen was the weakest major currency on the Forex market today, falling against all other most-traded rivals. Domestic macroeconomic data could not be the catalysts for the decline: it was not particularly good but not extremely terrible either. In fact, most of the reports beat expectations.

Russian Ruble Flat As October GDP, Retail Sales Disappoint

The Russian ruble is trading relatively flat against several currency peers to close out the trading week. The ruble has witnessed a resurgence this week as foreign exchange traders poured into the currency amid a significant rally in Brent crude oil prices. But the gains may have been capped by disappointing economic data. With tighter lockdown restrictions in Europe, could the ruble come under pressure in the home stretch of 2020?

Navigation

Menu