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Waiting For Non Farm Employment Report &Nbsp; US Dollar Rose To Two Week High On Thursday.

2011/1/7 9:11:00 42

Non Farm Employment Report US Dollar Index Rising

Beijing time on January 7th morning, on Thursday, investors in the recent combination of a number of economic data, grab on Friday, Ministry of labor announced December.

Non farm employment data

Before adjusting psychological expectations, the US dollar continued against the euro.

Rise

,

US dollar index

It rose to a two week high level in the session.


The number of first-time applications for unemployment benefits announced last week on Thursday is the last economic data before the report on non-agricultural employment. Economists generally adjusted expectations that the employment market situation in December would be substantially improved.


At the close of the foreign exchange market, the US dollar index, which tracks a total of six major currencies, rose by 0.69% at 80.81 points, which rose to its highest level in two weeks earlier on Thursday.

The euro fell to 1.07% against the US dollar at 1.3014, while the US dollar against Japanese yen was 83.27 yen, up 0.05%.


On Thursday, the US Department of labor data showed that the number of people applying for unemployment benefits increased by 18 thousand to 409 thousand last week.

Deutsche bank analysts pointed out that although there was a slight increase in the number of people last week, the overall figures in December showed positive improvements in the job market.

In a report Thursday, analysts in the bank raised the expected increase in the number of private sector employment to around 200 thousand in the US non farm employment report December.


On the other hand, European data show that the German economy is still ahead of the rest of the region. The number of factory orders increased by 5.2% in November, much higher than the 1% growth expected by market economists.

The index also increased by 1.6% in October.

The earlier European Commission data showed that the economic confidence index in December was 106.2 points, the highest level in 38 months.

However, sub sectors showed that the confidence index of Spain and Greece continued to decline.


At the same time, the UK PMI shows that the domestic service industry in Britain experienced a slight contraction in December.

Sterling fell to 0.22% against the US dollar at $1.5471.


The Australian dollar fell 0.56% again on Thursday to $0.9941 in Queensland, Australia, which continued to plague the country's economic prospects.

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