• American focus : the yen rose

Market news

4 April 2014

American focus : the yen rose

The U.S. dollar fell sharply against the Japanese yen against the backdrop of a report on the U.S. labor market . Despite the growth in employment data were worse than analysts' forecasts.

U.S. employers in March increased rates of employment. This is a sign of sustained economic growth, which suggests that the slowdown in the winter wore only temporary.

As reported by the U.S. Labor Department , the number of jobs outside agriculture in March rose to a seasonally adjusted 192,000 for fluctuations . The number of jobs in January and February was revised upward by a total of 37,000 .

The unemployment rate in March remained equal to 6.7%. More people find jobs , and more people joined the labor force.

Economists had forecast an increase in the number of jobs in March at 196,000 and the decline in unemployment to 6.6 %.

The March increase in jobs was fully provided by the private sector . As a result, employment outside the public sector reached a new level . The number of people employed in the private sector last month reached 116.09 million , surpassing the previous maximum of 115.98 million people , which was reached in January 2008 .

Pound fell against the dollar on weak UK data on house price index . The report, which was published earlier today by Lloyds Banking Group, showed that house prices in the UK fell in March , registering with the first decline in the last three months. According to reports, the house price index from Halifax in March decreased by 1.1 per cent ( on a monthly basis ) , partially offset by an increase of 2.5 percent marked in February ( revised up from 2.4 percent). According to the average forecasts of experts, prices would have to increase by 0.7 percent. Meanwhile, it became known that for three months ( March) prices rose by 8.7 percent compared to the same period last year.

Recall that other studies on home prices also pointed to an increase , led by growth in London and the south-east . Earlier this week , a nationwide survey for March showed that prices rose by 0.4 % over the month and by 9.5 % per annum.

The Canadian dollar rose against the U.S. dollar after strong data on the labor market in Canada . Statistics Canada reported that in March employment increased by 42,900 people. The increase was primarily observed among young people and heavily on part-time work . Meanwhile, the unemployment rate fell by 0.1 percentage points - to 6.9 %. Experts predicted that the number of employees increased by 25.3 thousand and the unemployment rate will remain unchanged. The report also showed that manufacturing industries have lost 15,600 jobs in March , while the services sector received 58,500 seats. Employment full-time increased by 12,800 jobs , while part-time work on the 30100


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