Dollar Rising Ahead Of April Employment Report
05 Mayo 2016 - 8:52AM
RTTF2
The dollar is climbing against all of its major rivals Thursday
afternoon. Investors are looking forward to the release of the U.S.
employment report for April tomorrow. The highly anticipated report
could have a significant impact on the outlook for whether the
Federal Reserve will raise interest rates at its next meeting in
June.
The Labor Department report is expected to show an increase of
about 200,000 jobs in April, while the unemployment index is
expected to edge down to 4.9 percent.
First-time claims for U.S. unemployment benefits rose by more
than expected in the week ended April 30th, according to a report
released by the Labor Department on Thursday. The report said
initial jobless claims climbed to 274,000, an increase of 17,000
from the previous week's unrevised level of 257,000. Economists had
expected claims to inch up to 262,000.
The European Central Bank said the economic recovery is expected
to proceed on domestic demand and investment but cautioned that the
recovery is weighed down by the ongoing balance sheet
adjustments.
"Domestic demand, in particular, continues to be supported by
the ECB's monetary policy measures," the bank said in its economic
bulletin published Thursday.
Their favorable impact on financing conditions and improvements
in corporate profitability underpin investment. At the same time,
accommodative monetary policy stance and employment gains together
with low oil prices lift disposable income of households.
Nonetheless, the bank said the recovery is still dampened by the
balance sheet adjustments in a number of sectors. The risks to the
euro area growth outlook still remain tilted to the downside.
The dollar has risen to nearly a 1-week high of $1.14 against
the Euro Thursday afternoon, from around $1.15 this morning.
The buck has climbed to around $1.4465 against the pound
sterling, from an early low of $1.4528.
The U.K. service sector activity expanded at the slowest pace in
more than three years in April largely reflecting economic
uncertainty ahead of the referendum on EU membership, survey data
from Markit showed Thursday.
The Chartered Institute of Procurement & Supply/Markit
services Purchasing Managers' Index fell more-than-expected to 52.3
in April from 53.7 in March.
The greenback reached a high of Y107.487 against the Japanese
Yen Thursday, but has since eased back to around Y107.245.
US Dollar vs SEK (FX:USDSEK)
Gráfica de Divisa
De Mar 2024 a Abr 2024
US Dollar vs SEK (FX:USDSEK)
Gráfica de Divisa
De Abr 2023 a Abr 2024