The yen fell against the dollar significantly , responding thus to the U.S. employment data . As it became known , U.S. employers continued to add jobs at a steady pace , while the unemployment rate fell in November. These are signs of strong economic growth , which can stimulate discussion about what the Federal Reserve will announce the reduction of bond purchases this month .
The Labor Department said that the number of employees in non c / agricultural sector grew by 203,000 last month. In turn, the unemployment rate fell by three-tenths of a percentage point to 7.0% , the lowest level in the last five years. Economists forecast that employment in non-farm payrolls increased by 184,000 and the unemployment rate is at around 7.2%. The cumulative number of people employed in September and October was revised to 8000 .
This report may reinforce expectations that the Fed will soon slow down the pace of its bond purchases to $ 85 billion per month. At its meeting in October , officials said on the probable end of the program " in the coming months ." Fed program , which began in September 2012 , is designed to maintain long-term interest rates low in order to increase investment and stimulate hiring . Fed officials will hold their next meeting on December 17-18 .
The Canadian dollar fell against the dollar, while returning to the levels of the opening session , which was associated with the release of positive U.S. jobs data and consumer sentiment index , which could compensate for all the positive report from the Canadian unemployment . Note that the preliminary index of consumer sentiment from Thomson Reuters and the University of Michigan in December rose to 82.5 . In November, the index was at 75.1 . December's value was the highest since July. This is better than expectations of economists at around 76.2 , All the growth index is associated with households with incomes below $ 75,000 per year. In households with higher income mood compared to the previous month has not improved . Almost all the increase is attributed to improved economic outlook for the coming year .
We also add that an indicator of current economic conditions rose from 88.0 in November to 97.9 , higher than expectations of 90 , and the indicator of economic expectations rose from 66.8 to 72.7 , which is above expectations in 68 . Evaluation index of current economic conditions was the highest since July, and the index of economic expectations - in August. Expectations for inflation in the long term than one year increased from 2.9% to 3.0%. Expectations for inflation in the long term from 5 to 10 years decreased from 2.9 % to 2.8 %.
USD/JPY Y101.00, Y101.25, Y101.50, Y102.50, Y102.80, Y103.00, Y103.25, Y103.30, Y103.50, Y103.60
EUR/USD $1.3490, $1.3500, $1.3590, $1.3600, $1.3610, $1.3735/40, $1.3800
GBP/USD $1.6150, $1.6300, $1.6350, $1.6400
EUR/GBP stg0.8200, stg0.8350, stg0.8450
USD/CHF Chf0.9150
EUR/CHF Chf1.2250, Chf1.2300
AUD/USD $0.9000, $0.9100, $0.9105, $0.9130, $0.9150
NZD/USD $0.8250
USD/CAD C$1.0480, C$1.0600
EUR/USD
Offers $1.3800, $1.3780/85, $1.3750, $1.3730/40, $1.3690/710, $1.3680
Bids $1.3650/40, $1.3610, $1.3590, $1.3550/40
GBP/USD
Offers $1.6450, $1.6400/05, $1.6380, $1.6360/65
Bids $1.6300, $1.6280/70, $1.6260/55, $1.6240, $1.6220
AUD/USD
Offers $0.9165/70, $0.9150, $0.9100, $0.9080
Bids $0.9015, $0.9005/00, $0.8980, $0.8950, $0.8900
EUR/GBP
Offers stg0.8440, stg0.8415/20, stg0.8395/400, stg0.8380
Bids stg0.8350, stg0.8330/20, stg0.8300/290, stg0.8260/50, stg0.8250
USD/JPY
Offers Y103.50, Y103.20, Y102.85/00, Y102.70, Y102.40-50, Y102.20/25
Bids 101.50, Y101.20-00
EUR/JPY
Offers Y140.20, Y140.00, Y139.80/85, Y139.60/65
Bids Y138.50/40, Y138.20, Y138.00, Y137.80, Y137.50
USD/JPY Y101.00, Y101.25, Y101.50, Y102.50, Y102.80, Y103.00, Y103.25, Y103.30, Y103.50, Y103.60
EUR/USD $1.3490, $1.3500, $1.3590, $1.3600, $1.3610, $1.3735/40, $1.3800
GBP/USD $1.6150, $1.6300, $1.6350, $1.6400
EUR/GBP stg0.8200, stg0.8350, stg0.8450
USD/CHF Chf0.9150
EUR/CHF Chf1.2250, Chf1.2300
AUD/USD $0.9000, $0.9100, $0.9105, $0.9130, $0.9150
NZD/USD $0.8250
USD/CAD C$1.0480, C$1.0600
05:00 Japan Leading Economic Index October 109.2 109.9 109.9
05:00 Japan Coincident Index October 108.4 109.9 109.6
The dollar headed for a fourth weekly decline against the euro as investors weigh whether U.S. payrolls data due today will encourage the Federal Reserve to consider trimming stimulus as early as this month. The U.S. economy added 185,000 jobs last month, a Bloomberg News survey shows before today’s Labor Department report.
U.S. GDP climbed at a 3.6 percent annualized rate in the third quarter, up from an initial estimate of 2.8 percent and the strongest since the first quarter of 2012, Commerce Department figures showed yesterday. Another report said first-time claims for jobless benefits dropped by 23,000 to 298,000 last week, according to the Labor Department.
The euro rose yesterday after the European Central Bank kept its benchmark rate unchanged and gave no indication that policy makers will introduce a negative deposit rate. ECB President Mario Draghi said at a press conference that while the central bank was “technically ready” to cut its deposit rate below zero, the Governing Council only discussed a negative rate “briefly” at its meeting. The deposit rate is what the ECB charges banks for parking excess cash at the central bank. It is set at zero.
The yen pared its first weekly advance in six against the dollar after the head of an advisory panel said Japan’s Government Pension Investment Fund needs to cut bond holdings right away.
EUR / USD: during the Asian session the pair fell to $ 1.3655
GBP / USD: during the Asian session the pair fell to $ 1.6320
USD / JPY: during the Asian session, the pair rose to Y102.20
A busy week for the markets comes to an end Friday, although there is no respite for traders as the US jobs report looms large. The European calendar gets underway from 0745GMT, when French October trade and budget numbers cross the wires. At 0815GMT, Swiss November CPI numbers are expected to cross the wires. Analysts are looking for CPI to fall 0.2% on month, with HICP down 0.3% on the month. Eurogroup Head Jeroen Dijsselbloem is scheduled to speak at an economic forum, in Frankfurt, starting around 0830GMT. At 0900GMT, ECB Governing Council member Ewald Nowotny will deliver a press conference on the economic forecasts for Austria, in Vienna. On the Continent, at 1000GMT, the Bundesbank will release its latest economic forecasts. German October manufacturing orders data will cross the wires at 1100GMT, with economists looking for a month-on-month fall of 1%. ECB Executive Board member Joerg Asmussen is slated to speak in Berlin at 1320GMT.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3666 +0,53%
GBP/USD $1,6334 -0,29%
USD/CHF Chf0,8965 -0,64%
USD/JPY Y101,79 -0,55%
EUR/JPY Y139,09 -0,03%
GBP/JPY Y166,25 -0,85%
AUD/USD $0,9061 +0,38%
NZD/USD $0,8218 +0,28%
USD/CAD C$1,0651 -0,29%
05:00 Japan Leading Economic Index October 109.2 109.9
05:00 Japan Coincident Index October 108.4 109.9
05:00 Japan Coincident Index October 108.4 109.9
07:45 France Trade Balance, bln October -5.8 -5.1
08:00 United Kingdom Halifax house price index November +0.7% +0.8%
08:00 United Kingdom Halifax house price index 3m Y/Y November +6.9% +7.2%
08:00 Switzerland Foreign Currency Reserves October 434.7 435.3
08:15 Switzerland Consumer Price Index (MoM) November -0.1% -0.1%
08:15 Switzerland Consumer Price Index (YoY) November -0.3% -0.1%
09:30 United Kingdom Consumer Inflation Expectations Quarter IV +3.2%
11:00 Germany Factory Orders s.a. (MoM) October +3.3% -0.4%
11:00 Germany Factory Orders n.s.a. (YoY) October +7.9% +4.1%
13:30 Canada Unemployment rate November 6.9% 7.0%
13:30 Canada Employment November 13.2 7.6
13:30 U.S. Average workweek November 34.4 34.5
13:30 U.S. Average hourly earnings November +0.1% +0.2%
13:30 U.S. Personal Income, m/m October +0.5% +0.3%
13:30 U.S. Personal spending October +0.2% +0.4%
13:30 U.S. PCE price index ex food, energy, m/m October +0.1% +0.1%
13:30 U.S. PCE price index ex food, energy, Y/Y October +1.2% +1.1%
13:30 U.S. Unemployment Rate November 7.3% 7.2%
13:30 U.S. Nonfarm Payrolls November 204 184
14:55 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) December 75.1 76.2
20:00 U.S. FOMC Member Charles Evans Speaks
20:00 U.S. Consumer Credit October 13.7 14.6