Greenback drops after non-farm payroll data

Note: This section contains information in English only.
Source: WBP Online
The U.S. Dollar depreciated against the common currency after the non-farm payroll data release which showed additional 162,000 jobs in the last month, while 185,000 jobs were expected by investors. Since labour market is a major point of consideration for Fed's monetary policy, the data signals that QE may continue for a while. The greenback lost 0.40% to $1.3258 versus the Euro at 12:31 GMT.
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Fri, 02 Aug 2013 14:35:06 GMT

Consumer spending in U.S. increased as expected

Consumer spending in the United States climbed in line with expectations in June as income level grew. Household spending, which accounts for more than two-thirds of the nations economy, increased 0.5% following a 0.2% gain a month before. According to a Bloomberg survey, economists expected a 0.5% advance. Personal income rose by 0.3%.

Fri, 02 Aug 2013 13:03:07 GMT

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