Dollar turned lower on jobs and Spain

Source: Marketwatch

The greenback weakened versus its major peers on Friday after the U.S. jobs data beat expectations, while the single currency rocketed as the yields on Spanish and Italian government bonds fell. The ICE dollar index and the WSJ dollar Index tumbled 0.85 per cent and 0.79 per cent respectively. The Euro strengthened versus the greenback, and added 1.34 per cent to $1.2344 from $1.2180.

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Fri, 03 Aug 2012 21:24:00 GMT

U.S. job growth improves, while unemployment jumps

As reported by the Labor Department, U.S. employers hired 163,000 people in July, while the unemployment rate rose to 8.3 per cent, from previous 8.2 per cent. As long as the jobless rate is growing, the Federal Reserve will have to keep further stimulus in mind. Meanwhile, the Fed claimed their readiness to introduce another quantitative easing if the economy does not start to recover.

Tue, 07 Aug 2012 16:10:10 GMT

U.S. stocks jumped on data

U.S. stocks advanced on Friday after four day of losses as the optimism on the Eurozone's debt crisis resolution grew and U.S. non-manufacturing activity jumped in July. The Dow Jones Index soared 1.7 per cent, to 13,098.29; the S&P 500 Index added 1.8 per cent, to 1,389.84, and the Nasdaq Composite jumped 1.9 per cent, to 2,965.29.

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