The euro exchange rate against the dollar has increased significantly , in response , so the weak employment data in the U.S.. The Department of Labor reported that the number of people employed in the U.S. increased less than expected. It shows that before the temporary suspension of the U.S. government reduced the growth rate of the economy . Employment growth in September was 148,000 , while employment growth in August was revised up to 193,000 ( higher than originally reported) . The average score of economists before the data output stood at 179,000 . Thus, the data came out much worse than expected. It was also reported that the unemployment rate fell to a five-year low, 7.2% - the lowest since November 2008 This is better than expected at 7.3 %. The decrease in the unemployment rate due to the low proportion of the economically active population - 63.2 %, the lowest level since August 1978 . Note that the employment data had to go out on October 4 , but the temporary cessation of the government led to the release of the data transfer time .
Meanwhile, we add that to stop the dollar's decline could not even better than expected data on construction spending . The Ministry of Commerce reported that the seasonally adjusted construction spending rose in August by 0.6 percent, reaching at this annual level of $ 915.100 billion Economists had expected spending to increase by about 0.4 percent. In addition, the data showed that construction spending in July was revised up to show growth of 1.4 percent, compared with an increase of 0.6 percent , which was originally reported growth. Add that to the upward revision index for July and further growth in August , the annual growth in construction costs rose to the highest level since April 2009
The Canadian dollar rose against the U.S. dollar, which has been associated with the release of U.S. data on employment and Canadian retail sales data .
At Statistics Canada said that Canadian retail sales growth slowed in August compared to the previous month amid weak demand for new cars and a reduction in income
Retail sales rose 0.2% to 40.32 billion Canadian dollars ( $ 39.14 billion ) and were slightly below market expectations of 0.3 % growth for the month. In addition , the data in July were revised downward - Retail sales rose by 0.5 % compared with a preliminary estimate of a 0.6% gain . Compared to the same period in the previous year the retail sales rose 2.7%. Excluding sector of vehicles and auto parts, in August retail sales rose by 0.4 % compared with July and reached 30.95 billion Canadian dollars. In volume terms, retail sales rose by 0.2 %. Sales of food and beverages in stores accounted for the largest increase in dollar terms among the 11 sectors . These sales were up 1.2% to C $ 8.96 billion Canadian dollars. Clothing sales rose 1.9 % to 2.29 billion Canadian dollars.
EUR/USD $1.3500, $1.3600, $1.3650, $1.3700, $1.3710, $1.3725, $1.3750, $1.3775
USD/JPY Y97.30, Y97.50, Y98.00, Y98.30/35, Y98.50, Y98.55, Y98.60, Y98.75, Y98.80, Y99.00
GBP/USD $1.6030, $1.6200, $1.6265
EUR/GBP stg0.8450, stg0.8500
USD/CHF Chf0.9030, Chf0.9185
EUR/NOK Nok8.0780, Nok8.1060
AUD/USD $0.9450, $0.9500, $0.9575, $0.9600, $0.9670, $0.9710, $0.9725
USD/CAD C$1.0290, C$1.0300, C$1.0315
06:00 Switzerland Trade Balance September 1.85 2.23 2.5
08:10 United Kingdom MPC Member Bean Speaks
08:30 United Kingdom PSNB, bln September 11.5 9.4
The U.S. dollar traded in a narrow range against most major currencies, as market participants are waiting for the publication of data on the number of jobs outside agriculture, as well as official data on unemployment in the United States . It is expected that the figure will be released above the acceptable threshold of 6.5 % of the Federal Reserve System, and therefore Fed QE3 will continue the program in its entirety. Today, after a delay associated with the shutdown in the United States, will be published by the government's employment report . According to the median forecast of analysts in the U.S. economy in the past month has been created 179 thousand jobs , higher than the August figure of 169 thousand, however , it is expected that the official unemployment rate was 7.3 %.
The observed stability of the dollar reflects the reluctance of investors to open large positions before the employment data do not shed light on how much the U.S. Federal Reserve will continue to purchase bonds at the current rate .
The yen continues to fall against most currencies in anticipation of the publication 25 October inflation data, which are likely to be the highest since 2008 . According to the median forecast of economists , the nationwide consumer price index excluding fresh food , last month, will grow by 0.7 % compared with a year earlier. Recall that the measures for promotion of inflation, which applies the Bank of Japan , have accelerated the consumer price index in August, the fastest pace since November 2008 , to 0.8 %.
EUR / USD: during the European session, the pair is trading in the range of $ 1.3661 - $ 1.3681
GBP / USD: during the European session, the pair rose to $ 1.6139
USD / JPY: during the European session, the pair rose to Y98.40
At 12:30 GMT in Canada will change in the volume of retail sales , the change in retail sales excluding auto sales for August. At 12:30 GMT the U.S. will release the unemployment rate , change in the number of employed in non-agricultural sector , changes in the number of employees in the private sector of the economy , changes in the number of employees in the manufacturing sector of the economy, change in average hourly wages , the total revision of employment for 2 months in September. At 23:00 GMT Australia will release the index of leading economic indicators from the Conference Board in August.
EUR/USD
Offers $1.3765, $1.3745/50, $1.3720, $1.3690/700
Bids $1.3650, $1.3625/15, $1.3605/595, $1.3580
GBP/USD
Offers $1.6300, $1.6280, $1.6250/60, $1.6220/25, $1.6200, $1.6180/85, $1.6150
Bids $1.6100, $1.6080, $1.6060/50, $1.6020, $1.6000
AUD/USD
Offers $0.9750, $0.9725/30, $0.9700, $0.9675/80
Bids $0.9625/20, $0.9605/00, $0.9580, $0.9560/50, $0.9500
EUR/GBP
Offers stg0.8550/55, stg0.8520/30, stg0.8510, stg0.8490/500
Bids stg0.8455/50, stg0.8445/40, stg0.8425/15, stg0.8400, stg0.8370/65
EUR/JPY
Offers Y135.50, Y135.00, Y134.80
Bids Y134.00, Y133.80, Y133.55/50, Y133.20, Y133.00
USD/JPY
Offers Y99.20, Y99.00, Y98.80, Y98.50
Bids Y98.00, Y97.80, Y97.50, Y97.35, Y97.20
EUR/USD $1.3500, $1.3600, $1.3650, $1.3700, $1.3710, $1.3725, $1.3750, $1.3775
USD/JPY Y97.30, Y97.50, Y98.00, Y98.30/35, Y98.50, Y98.55, Y98.60, Y98.75, Y98.80, Y99.00
GBP/USD $1.6030, $1.6200, $1.6265
EUR/GBP stg0.8450, stg0.8500
USD/CHF Chf0.9030, Chf0.9185
EUR/NOK Nok8.0780, Nok8.1060
AUD/USD $0.9450, $0.9500, $0.9575, $0.9600, $0.9670, $0.9710
USD.CAD C$1.0290, C$1.0300
The dollar traded 0.3 percent from an eight-month low versus the euro as investors look to U.S. employment data due today to help assess the timing for a reduction in Federal Reserve stimulus. The U.S. Labor Department may say employers added 180,000 jobs last month after boosting positions by 169,000 in August, according to the median estimate of economists surveyed by Bloomberg News. The unemployment rate probably held at 7.3 percent, matching the lowest in 4 1/2 years.
The yen held losses from yesterday versus its peers as demand for safety waned before figures this week that may show consumer-price gains in Japan held near the fastest pace since 2008. In Japan, government data will probably show on Oct. 25 that nationwide consumer prices excluding fresh food rose 0.7 percent last month from a year earlier, according to the median forecast of economists surveyed by Bloomberg. The rate, the Bank of Japan’s favored measure of inflation, advanced to 0.8 percent in August, the fastest pace since November 2008.
EUR / USD: during the Asian session the pair fell to $ 1.3660
GBP / USD: during the Asian session, the pair fell to $ 1.6115
USD / JPY: during the Asian session the pair rose to Y98.35
The session's main release comes at 1230GMT, when the September Non-farm Payrolls data finally crosses the wires. The UK release calendar kicks off at 0830GMT, with the release of the September Public Sector Finance data.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3676 +0,03%
GBP/USD $1,6143 -0,11%
USD/CHF Chf0,9020 -0,06%
USD/JPY Y98,17 +0,29%
EUR/JPY Y134,27 +0,30%
GBP/JPY Y158,47 +0,17%
AUD/USD $0,9651 +0,26%
NZD/USD $0,8447 -0,37%
USD/CAD C$1,0306 +0,11%
02:00 China Leading Index September +0.7%
06:00 Switzerland Trade Balance September 1.85
08:30 United Kingdom PSNB, bln September 11.5
12:30 Canada Retail Sales, m/m August +0.6%
12:30 Canada Retail Sales ex Autos, m/m August +1.0%
12:30 U.S. Average workweek September 34.5 34.5
12:30 U.S. Average hourly earnings September +0.2% +0.2%
12:30 U.S. Unemployment Rate September 7.3% 7.3%
12:30 U.S. Nonfarm Payrolls September 169 179
14:00 U.S. Richmond Fed Manufacturing Index October 0
23:00 Australia Conference Board Australia Leading Index August +0.3%