Unemployment — News Archive


British Pound Remains Depressed on Mixed UK Jobs Report

The British pound today remained depressed against the US dollar despite the release of the mostly positive UK labour market report for May. The increase in the 10-year US Treasury yields to levels above the crucial 3.00% level exerted downward pressure on the cable restricting any positive moves by the currency pair.

Canadian Dollar Drops Against US Dollar on Disappointing Jobs Report

The Canadian dollar today registered a significant loss against its American counterpart following the release of Canada’s April employment report in the early North American session. The loonie was stronger against the greenback in the Asian to mid-European sessions backed by the weakening US dollar following yesterday’s mixed US CPI report.

Euro Declines on Weak Eurozone PMI Releases Amid Poor NFP Data

The euro today was on a downtrend against the US dollar following the release of weak PMI data from across the Eurozone by IHS Markit. The euro’s downtrend was further accelerated by the release of disappointing Eurozone retail sales data for March in the early European session.

EUR/USD Drops on Renewed US Dollar Demand Ahead of FOMC Decision

The euro today dropped to new lows against the US dollar following a resurgent demand for the greenback ahead of the FOMC interest rate decision. The EUR/USD currency pair broke down from its initial sideways trading range in the early American session as the greenback rallied higher.

EUR/USD Declines on Weak Eurozone Releases and Upbeat US GDP, Later Rebounds

The EUR/USD currency pair today fell to new multi-month lows after the release of disappointing French GDP data among other macro releases from the euro block. The pair’s decline was further accelerated by the release of upbeat Q1 GDP data from the USA.

Japanese Yen Rallies Undisturbed by Detrimental Fundamentals

The Japanese yen was little changed against the US dollar but gained on other major rivals today. That was a surprising performance as fundamentals did not look supportive to the currency.

GBP/USD Declines on Mixed UK Jobs Report and Upbeat US Housing Data

The GBP/USD currency pair today traded lower after the release of mixed UK labour market report in the early European session. The currency pair cemented its losses during the early American session after the release of upbeat US housing data amid a resurgence in US dollar demand.

Euro Rallies Against US Dollar on Weak US Employment Data

The euro today rallied against the US dollar following the release of disappointing US non-farm payrolls report for March. Earlier Markit Economics PMI releases covering the European docket had triggered the euro’s initial uptrend following a major decline during the Asian session.

EUR/USD Trades in a Tight Range on Both Eurozone and US Data

The EUR/USD currency pair today traded in a tight range from the early European session following the release of mixed Eurozone data. The currency pair remained stable during the American session following several US releases such as the ADP employment change data.

GBP/USD Rallies Higher on Positive UK Labour Market Report

The GBP/USD currency pair today rallied to new highs following the release of the UK labour market report for March. The report indicated that wages for workers in the UK had improved greatly, which shifted investor sentiment towards the pound, and triggered the pair’s rally.