Arab Today, arab today dollar rises on upbeat job data
Last Updated : GMT 19:02:10
Arab Today, arab today
Arab Today, arab today

Dollar rises on upbeat job data

Arab Today, arab today

Arab Today, arab today Dollar rises on upbeat job data

New York - XINHUA

The U.S. dollar recovered against most major currencies on Friday as better-than-expected job data fueled speculations that the Federal Reserve will stick to its stimulus tapering plan. Total nonfarm payroll employment added 175,000 in February, the U.S. Labor Department reported Friday, better than economists' forecast of 150,000. Moreover, the U.S. unemployment rate in February was little changed at 6.7 percent, the data showed. The U.S. dollar continued the downward trend against the euro, after the European Central Bank refrained from further monetary stimulus in the previous session. The ECB held its benchmark interest rate at 0.25 percent at its monthly meeting on Thursday. ECB President Mario Draghi said at a press conference following the meeting that inflation in the eurozone will rise to 1 percent this year and increase to 1.7 percent in the fourth quarter of 2016. Draghi also said ECB policymakers concluded that economic conditions did not require shifts in monetary policy, indicating there was no need to add more stimulus. Among other U.S. data, the U.S. trade gap in January came out close to expectations, at 39.1 billion U.S. dollars, as an increase in exports was offset by a slightly higher rise in imports, said the Commerce Department. In late New York trading, the euro rose to 1.3871 dollars from 1.3860 dollars in the previous session, and the British pound decreased to 1.6726 dollars from 1.6742 dollars. The Australian dollar slipped to 0.9066 dollar from 0.9096 dollar. The dollar bought 103.30 Japanese yen, higher than 103.05 yen of the previous session. The dollar moved down to 0.8774 Swiss franc from 0.8805 Swiss franc, and it went up to 1.1099 Canadian dollars from 1.0984 Canadian dollars.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar rises on upbeat job data Arab Today, arab today dollar rises on upbeat job data

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar rises on upbeat job data Arab Today, arab today dollar rises on upbeat job data

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday