Dollar soars on non-farm payrolls

Source: Bloomberg
Following the release on the US non-farm payrolls, EUR/USD plunged 94 pips in an instant, from 1.0981 down to 1.0887. The number of workers in the world's largest economy grew by 295K, while the consensus was for a 240K increase. At the same time, the unemployment rate in the United States was reported to fall from 5.7 down to 5.5%.
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Mon, 09 Mar 2015 19:34:07 GMT

Cheap oil prices threatens investment in Colombia ethanol

The collapse in global crude prices puts at a risk the future investments into Colombia's ethanol industry, as reckoned by the Andean states' biofuels federation. Oil prices slumped as much as 51% previous year, reinforcing the view that foreign investors want more guarantees regarding a legal framework and the future demand that will support the industry.

Fri, 06 Mar 2015 13:30:11 GMT

European stocks trade near 7-year high amid US jobs report

European stocks traded in a tight range near their strongest point since July 2007, while the investors are waiting for the US payrolls data. The Stoxx Europe 600 Index added 0.1% to 393.81 as of 8:08 a.m. London time, heading for its biggest gain in two days since January, amid the ECB's commitment to start purchasing bonds next week.

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