7:42 PM
The dollar stabilized by Monday
FXTM Online Analysis Department. www.fxtmonline.com
The main currency pair at the start of a new week has slowed its rapid growth – ahead is a lot of statistical data, and the topic of Greece has not been cancelled.
The euro has appreciated significantly in against the US dollar on Thursday and Friday last week. The "thin" Friday's pre-Easter market and the lack of most investors helped the Eurocurrency break through the 1.0940 mark and even consolidate above.
The thing is in the over emotional reaction to the published macroeconomic statistics. According to published data, the number of people employed outside the agricultural sector in March in the United States grew only by 126 thousand with the forecast of 251 thousand and average quarterly growth of 197 thousand.
This data is the weakest for fifteen months. Investors have put too much faith on convincing statistics and made a mistake. Completely neutral reports on the weekly rate of claims for unemployment benefits introduced some confusion. The unemployment rate showed no change in March and remained at around 5.5%.
Today, the market's attention will be riveted to the speech of the Federal Reserve System representative and the head of the Federal Reserve Bank of New York, Mr. Dudley. He may aggressively speak on the situation in the labour market and increase the pressure on the US dollar. The European Central Bank, in turn, does not need a wave of strengthening of the position of the euro right now.
The euro has appreciated significantly in against the US dollar on Thursday and Friday last week. The "thin" Friday's pre-Easter market and the lack of most investors helped the Eurocurrency break through the 1.0940 mark and even consolidate above.
The thing is in the over emotional reaction to the published macroeconomic statistics. According to published data, the number of people employed outside the agricultural sector in March in the United States grew only by 126 thousand with the forecast of 251 thousand and average quarterly growth of 197 thousand.
This data is the weakest for fifteen months. Investors have put too much faith on convincing statistics and made a mistake. Completely neutral reports on the weekly rate of claims for unemployment benefits introduced some confusion. The unemployment rate showed no change in March and remained at around 5.5%.
Today, the market's attention will be riveted to the speech of the Federal Reserve System representative and the head of the Federal Reserve Bank of New York, Mr. Dudley. He may aggressively speak on the situation in the labour market and increase the pressure on the US dollar. The European Central Bank, in turn, does not need a wave of strengthening of the position of the euro right now.
FXTM Online Analysis Department. www.fxtmonline.com
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