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The course is declining dollar on Friday in anticipation of unemployment in the United States

Aug 7th, 2009 | By admin | Category: Scenario and forecasts

value of the dollar falling on Friday in anticipation of rising unemployment in the United States. American natsvalyuta completes the collapse of the fifth week in succession, since the world economy is showing signs of stabilization of currencies and the popularity of quiet harbor - mainly the dollar and yen - is reduced, reports Bloomberg.

European Central Bank (ECB) and Bank of England at the meetings held on Thursday kept the base interest rate unchanged, respectively, at 1% and 0.5% per annum.

However, the Bank of England has decided to expand the program of redemption of bonds at 50 billion pounds ($ 84 billion).

euro went up by 0.08% and at 9:35 on Friday was worth $ 1.4358.

Course

single European currency to yen has fallen by this time up to 132.28 yen against 132.89 at the end of the session on Thursday.

value of the dollar against the Japanese natsvalyute was at 9:30 AM EDT 93.83 yen against 93.93 the previous day.

The mood in the market had improved substantially, - the head offices of foreign exchange operations, Societe Generale SA in Tokyo, Yuji Saito. - The data on stabilization of situation in the employment market in the United States may lead to selling the yen and the dollar.

As expected, the number of jobs in the American economy fell last month to 328 thousand after declining to 467 thousand in June.

Unemployment in the United States in July rose to 9.6% compared to 9.5% in June, analysts predict, interviewed agency Bloomberg.

United States Department of Labor will publish the data on Friday at 16:30.

The number of Americans who first applied for unemployment benefits fell last week to 38 thousand - 550 thousand, reported on Thursday the U.S. Department of Labor. The number of Americans continuing to receive unemployment benefits rose for the week ended July 26, at 69 thousand - up to 6.31 million people.


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