Arab Today, arab today dollar slips on weak us jobs data
Last Updated : GMT 05:13:03
Arab Today, arab today
Arab Today, arab today

Dollar slips on weak US jobs data

Arab Today, arab today

Arab Today, arab today Dollar slips on weak US jobs data

New York - XINHUA

The US dollar retreated against most major currencies Friday after a report showed U.S. employers hired fewer workers than forecast in December, which fueled speculations that the Federal Reserve may slow its pace of tapering bond buying program. The U.S. economy added only 74,000 jobs in December, the fewest in three years, but the unemployment rate fell from 7 in November to 6.7 percent, the Labor Department reported Friday. Despite the further decrease in the jobless rate, the jobs growth was much weaker than economists' expectations for about 200, 000 new jobs. "All bets are now off on the Fed's tapering plans. Many are now questioning whether it began to turn off the QE taps too soon," said Marcus Bullus, trading director at MB Capital. "The unemployment rate has fallen to just 6.7 percent, but this is a meaningless victory after the participation rate slumped to its lowest level for an extraordinary 35 years." The greenback weakened against the euro for the second day after the European Central Bank (ECB) left its benchmark interest rate unchanged. The ECB decided to keep its key interest rate unchanged after a monetary policy meeting Thursday, but reaffirmed its accommodative monetary policy "for as long as necessary, which will assist the gradual economic recovery" in the area. The minutes of Fed's December meeting showed policymakers saw diminishing economic benefits from the quantitative easing and expressed concern about financial risks, and the dollar was lifted to a month high against the euro after the minutes was published Wednesday. In late New York trading, the euro rose to 1.3660 dollars from 1.3590 dollars of the previous session, and the British pound increased to 1.6472 dollars from 1.6470 dollars. The Australian dollar climbed to 0.8995 U.S. dollar from 0.8888 dollar. The dollar bought 104.06 yen, lower than 104.77 yen of the previous session. The greenback moved down to 0.9034 Swiss francs from 0.9083, and went up to 1.0895 Canadian dollars from 1.0866.

arabstoday
arabstoday

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
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 slips on weak us jobs data Arab Today, arab today dollar slips on weak us jobs 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 slips on weak us jobs data Arab Today, arab today dollar slips on weak us jobs data

 



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 How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
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