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Author Topic: New York money market: Dollar depreciates as US jobs increase less than expected  (Read 646 times)

Huke

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New York money market: Dollar depreciates as US jobs increase less than expected.

The U.S. dollar was slightly weaker in trading on the New York Exchange last night (Dec. 4) after the US released data for nonfarm payrolls rose at a slower pace in November.

The dollar index, which measures the greenback against six major currencies in a basket, was down 0.01 percent to 90.7090 last night.

The U.S. dollar fell against the Swiss franc at 0.8904 francs from 0.8914 francs and fell against the Canadian dollar at 1.2781 Canadian dollars from 1.2855 Canadian dollars, but the dollar strengthened compared. With a yen level of 104.09 yen from a level of 103.96 yen.

The euro fell against the US dollar at $ 1.2136 from $ 1.2141, the pound weakened to $ 1.3442 from $ 1.3449 and the Australian dollar fell to 0.7437 US dollars from 0.7445.

The dollar fell slightly. After the US Department of Labor reported that The number of non-farm payrolls rose to just 245,000 in November. Below analysts had predicted 440,000 and below 610,000 in October. Affected by the epidemic of COVID-19

The unemployment rate fell to 6.7 percent in November, in line with analysts' expectations. After reaching 6.9% in October.

Joe Biden said that the new president of the United States. Slowing employment data indicates The economic recovery is on hold. And warned that the United States will face a more dire situation this winter. If Congress does not rush to approve legislation to address the economic impact of COVID-19.

US House Speaker Nancy Pelosi said: The stagnation of employment numbers is a reminder that Congress needs to speed up considering economic stimulus measures to mitigate the effects of the COVID-19 epidemic.



 

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