Unemployment — News Archive


British Pound Declines Against Major Peers on Lackluster Labor Data

The British pound declined against most other major currencies on Wednesday as the latest labor market figures painted a mixed picture of unemployment and wage growth. Lower expectations of an interest rate hike followed today’s figures, which further weighed on the British currency.

USD/CAD Rallies Briefly on Mixed Employment Data from Canada

The USD/CAD currency pair today rallied higher briefly after the release of mixed data from both the Canadian and USA dockets. The release of the Canadian labour force survey and the US nonfarm payrolls buffeted the currency pair causing it to rally, then quickly decline.

US Dollar Climbs Against Euro as Catalonian Crisis Escalates

The US dollar rose against the euro on Friday as domestic political troubles in Spain showed no sign of an end, which continued to weigh on the shared currency. However, the greenback lost some of its upward momentum today following the release of disappointing payroll data.

Euro Rallies Against US Dollar on Weak PCE Data

The euro today gained ground against the US dollar after the release of weak US Personal Consumption Expenditure data early in the North American session. The EUR/USD currency pair had rallied higher during the early European session despite the release of the flash Eurozone CPI estimate by Eurostat, which missed expectations.

Japanese Yen Shows No Trend After Slew of Economic Reports

A range of macroeconomic reports were released in Japan today. Most of them were within expectations, giving no edge to the nation’s currency. Therefore, the Japanese yen showed no discernible trend during the current trading session, rising against some rivals and falling versus others.

Mixed Employment Data Leaves Sterling Without Direction

The Great Britain pound demonstrated mixed performance today, rising against some majors, while falling versus others. That could be explained by the Wednesday’s release of employment data, which had both good and bad parts.

USD/CAD Rallies Higher Despite Positive Canadian Employment Data

The USD/CAD currency pair today rallied higher despite the release of positive Canadian employment data by Statistics Canada. The pair’s upward momentum is likely to have been caused by the fact that the loonie had exhausted all its previous momentum after the Bank of Canada rate hike earlier this week.

EUR/USD Rallies Higher Briefly on Disappointing NFP Report, Tumbles Later

The EUR/USD currency pair today rallied higher briefly after the release of disappointing US non-farm payroll data during the American session, but quickly retraced all its gains. The currency pair’s rapid tumble was triggered by a Bloomberg report indicating that the European Central Bank was advocating for prudent policies in the face of the strong euro.

EUR/USD Sinks to New Lows Despite Positive Eurozone Data

The EUR/USD currency pair today declined to new lows despite the release of positive Eurozone data such as the German unemployment change data. The release of positive US macro data including the positive core personal consumption expenditure data  also contributed to the pair’s decline.

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.