The dollar accelerated its decline in tandem with the European currency after the publication of statistics on unemployment and the number of people employed in non-agricultural sectors of the economy in the United States. The current quote of the EUR/USD pair is 1.1340. According to the United States Department of Labor, unemployment in the country in December fell to 3.9% from November's level of 4.2%, which even turned out to be better than the forecast of 4.1%. At the same time, the markets were disappointed with the number of people employed in non-agricultural sectors of the economy. The indicator increased by only 199 thousand with a forecast of growth of 400 thousand. Investors are wondering what the monetary policy of the US Federal Reserve System will be like now with an insufficiently good labor market and how soon the regulator will start raising the rate. It is worth noting that at a meeting in December, the Federal Reserve noted that due to inflationary pressure, it may raise the rate until the labor market fully recovers.
QUICK LINKS
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Contact Us 
