Dollar sentiment was modearate


American stocks expanded om Friday due to good April labor market data. Unemployment hit a seven-month low, making 5.4%. However, Non-Farm Payrolls turned out to be not that great – 223 thousand. The indicator showed a rather weak growth after the sharp fall in March: only 83 thousand new jobs were recorded there. According to CME FedWatch, investors suppose that the probability Fed raises the rate reduced in December from 62% to 51%. That is why the surge in the American dollar was rather moderate. Apart from good macroeconomic statistics there is another index-boosting factor: Aol Corporation issued a positive… Continue reading

Dollar dropped further

On Friday the US dollar weakened and American stocks grew further. Durable Goods Orders fairly outstripped forecasts, rising 4% (the maximum growth since last July). Investors believe it makes Fed… Continue reading