Arab Today, arab today euro sinks to 2year dlr low after us jobs data
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Euro sinks to 2-year dlr low after US jobs data

Arab Today, arab today

Arab Today, arab today Euro sinks to 2-year dlr low after US jobs data

Washington - AFP

The dollar surged and the euro sank again Friday after US labor data for June showed the economy was not pumping out the jobs needed to bring down the high unemployment rate. The data told investors that the United States was as stuck in low-growth mode as the rest of the world but also raised hopes that the government and Federal Reserve would add efforts to boost the economy. The euro lost more than a cent, falling to $1.2287 compared to $1.2391, the euro\'s lowest level against the dollar since July 1, 2010. The US Labor Department reported Friday that the US netted only 80,000 fresh jobs last month and 75,000 per month on average in the second quarter -- far short of what is needed just to keep up with the growth of the labor market. The numbers echoed other data indicating that already feeble growth was decelerating in the second quarter. \"US data will now be in sharp focus over the next month, as further declines in indicators would surely build the case\" for new stimulus measures from the Fed, said ETX Capital trader Ishaq Siddiqi. The euro had already tumbled sharply Thursday after three central banks -- the People\'s Bank of China, the European Central Bank, and the Bank of England -- took action to help their respective economies, but only served to underscore the economic weakness worldwide. Traders thought the ECB\'s actions did not go far enough to address the eurozone\'s ills. \"It may be that the markets think non-conventional monetary policy is becoming increasingly ineffective and that the problem of a \'liquidity trap\' has not been resolved,\" said economist Neil MacKinnon at VTB Capital. The yen continued to strengthen, after IMF chief Christine Lagarde acknowledged in Tokyo early Friday that the currency was \"moderately overvalued\". Prime Minister Yoshihiko Noda had complained to Lagarde that Japan\'s economy was \"suffering a serious, adverse impact\" over the currency\'s strength. The euro traded to 97.83 yen late Friday compared to 99.00 yen, and the dollar at 79.62 yen from 79.88 yen Thursday. The British pound fell again against the dollar, to $1.5485 from $1.5525. The dollar bought 0.9771 Swiss francs, compared to 0.9692 francs a day earlier.

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 euro sinks to 2year dlr low after us jobs data Arab Today, arab today euro sinks to 2year dlr low after 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 euro sinks to 2year dlr low after us jobs data Arab Today, arab today euro sinks to 2year dlr low after 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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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