U.S. Dollar under pressure ahead of U.S. jobs report

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Source: Reuters
© Scanpix\Reuters
The U.S. currency was weak and shaky on Friday, following the biggest one-day decline versus the Japanese currency in three years and ahead of employment report  that might move the greenback down if it will be under predictions. The common currency was flat at $1.3242 versus the U.S Dollar. The Fed might start scaling back its stimulus in September if employment data is positive. 
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Fri, 07 Jun 2013 12:08:35 GMT

Fed expected to taper asset purchases by smaller value

Economists changed their calculations for how much the Federal Reserve will minimize its monthly bond purchases. The most economists predict that officials will cut fiscal stimulus programme from $85 billion to $65 billion worth of purchases a month. The uncertainty of when and by how much the Central Bank lawmakers will scale back its QE programme has jolted financial markets.

Fri, 07 Jun 2013 10:50:10 GMT

Oil prices little changed before the U.S. employment data

Crude-oil futures were taking a breather after gains on Thursday, as the U.S. employment data may influence the outlook for the Fed's stimulus programme. Oil prices for July delivery were little changed, reaching $94.78 a barrel. The decline of the U.S. Dollar is helping oil and other dollar-denominated commodities making them cheaper to holders of other major currencies.

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