Unemployment — News Archive

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Aussie Attempts to Recover After Plunging to Lowest in Decade

The Australian dollar plunged to the lowest level in more than a decade against a range of currencies today but now is trying to recover. As was expected, the Reserve Bank of Australia announced additional monetary stimulus. Meanwhile, employment data showed surprisingly good results.

Chinese Yuan Slumps As Industrial Output, Retail Sales Crash in COVID-19 Fallout

The Chinese yuan is slumping against multiple currencies to kick off the trading week, driven by a crash in key economic metrics. With a myriad of January-to-February reports coming in, global financial markets are gaining insight into just how much the coronavirus damaged the world’s second-largest economy. Despite Beijing in the beginning stages of rebooting its economy, it is unclear how long it will take for China to return to full […]

Canadian Dollar Gains on Upbeat Jobs Report, Falls on Russian Oil News

The Canadian dollar today posted gains against the US dollar after the release of upbeat Canadian employment data in the early American session. The USD/CAD currency pair alternated between gains and losses, given that both the loonie and the greenback were weak overall.

Euro Recovers From Daily Lows on Fed Emergency Rate Cut

The euro today spiked higher against the US dollar in the early American session after the Federal Reserve announced an emergency interest rate cut of 50 basis points. The EUR/USD currency pair extended its positive streak for the fourth consecutive day having embarked on a significant rally since 21st February when the greenback turned bearish.

Australian Dollar Drops After Unemployment Rate Rises

The Australian dollar fell against almost all most-traded currencies today (with the exception of the New Zealand dollar) after the release of an employment report. While the employment figures were not that bad, the bigger-than-expected increase of unemployment made the currency unappealing to traders.

Canadian Dollar Falls on Weak Oil Prices, Despite Upbeat Jobs Report

The Canadian dollar today fell against the US dollar following the release of mixed Canadian jobs data and the upbeat US non-farm payrolls report. The USD/CAD currency pair’s rally was also fueled by the decline in global crude oil prices, which dragged the commodity-linked loonie lower.

NZ Dollar Little Changed After Mixed Employment Data

The New Zealand dollar was little changed today as local markets were closed for a holiday. The currency did not show a clear trend yesterday either after the release of mixed employment data in New Zealand.

Japanese Yen Halts Rally While Fears Persist

The Japanese yen halted its rally, trading flat today. For now, it does not seem that the market sentiment shifted much, and the pause in the rally was likely just a result of profit-taking following substantial gains of the currency. Domestic macroeconomic data was mixed, giving no clear picture of the Japanese economy.

Euro Rises on German Inflation Data and Flash US GDP Report

The euro today inched higher against the US dollar as it struggled to shake off the selling pressure that has kept the EUR/USD currency pair trading in a tight range. The single currency posted gains in the American session despite the release of mixed German inflation data accompanied by in-line preliminary US Q4 GDP figures.

Australian Dollar Emerges Strongest After Employment Report

The Australian dollar rallied against all other of its most-traded rivals, even the Japanese yen, which itself was rather strong. The main reason for the Aussie’s great performance was a surprisingly good domestic employment report, which improved the outlook for monetary policy a bit. Even risk aversion prevailing on the market was unable to stop the Australian currency from rallying.

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