Unemployment — News Archive


British Pound Declines Against US Dollar Despite Positive Jobs Data

The British pound today rallied higher briefly against the US dollar after the release of positive UK labour market report, but later declined retracing most of its gains. The weak US housing data barely had an impact on the GBP/USD currency pair, which was weighed down by the Bank of England‘s dovish stand.

US Dollar Surges on Impressive Job Gains and Shrinking Trade Deficit

The US dollar surged against the euro and other major counterparts on Friday, as the economy in the United States created more jobs than expected in July. The gap between US imports and exports narrowed in June, which pushed an index that tracks the greenback’s strength toward its best level in 7 trading sessions.

Canadian Dollar Declines Against US Dollar on Positive NFP

The Canadian dollar today declined against its US counterpart after the release of positive US non-farm payrolls data and a better than expected US trade deficit. Statistics Canada also reported that the country added more jobs than expected, but Canada’s trade deficit was higher than expected resulting in a weaker loonie.

Euro Gains as Unemployment Rate and Core Inflation Beat Estimates

The euro moved higher against the US dollar on Monday to begin the week on a positive note, following the release of surprisingly positive retail sales in Germany and higher than expected core inflation rate in the euro area. The shared currency had moderate gains against the British pound today, supported by a report that revealed a lower unemployment rate than forecasted last month.

US Dollar Rallies Higher Against Peers on Positive Non-Farm Payrolls

The US dollar today rallied higher against its main peers such as the euro, the British pound and the Japanese yen as the non-farm payrolls report beat expectations. The US dollar rallied higher against its peers today building on the momentum established yesterday after the release of positive ADP national employment report.

EUR/USD Maintains Losses After Release of Positive US Data

The EUR/USD currency pair today maintained the losses it accumulated during the early European session despite the release of positive US data in the North American session. The currency pair was under intense selling pressure from the beginning of today’s session, but did not decline significantly after the release of positive US personal income data.

Japanese Yen Rallies Despite Underwhelming Economic Reports

The Japanese yen rallied against its most-traded rivals today even though macroeconomic data released in Japan during the trading session was not particularly good for the most part. The possible reason for the currency’s gains was the slump of global stocks caused by signs that central banks around the world are planning to drop monetary stimulus.

British Pound Rallies Against US Dollar on Weak US Inflation Data

The GBP/USD currency pair rallied higher today during the North American session after the release of weak US Consumer Price Index data for the month of May. The currency pair started the European session on a downward trend after the release of weak UK average weekly earnings data, but quickly rallied higher after the release of the disappointing US data.

Canadian Dollar Rallies Against US Dollar on Positive Jobs Report

The Canadian dollar today gained significantly against the US dollar after the release of Canada’s labor market report by Statistics Canada, which exceeded expectations. The loonie rallied against the greenback despite the fact that the greenback was performing quite well as tracked by the US Dollar Index.

Swiss Franc Falls vs. Dollar & Yen, Gains on Euro & Pound

The Swiss franc fell against the US dollar and the Japanese yen but gained versus the Great Britain pound and the euro by the end of the Thursday’s session.