One of the important news that the market is waiting for today was the employment data to be announced in the US. With the disclosure of these data, it was expected that the Dollar and Euro exchange rate would evolve and create a new shock wave in the market. Finally, US employment data was announced. According to the released employment data in the US,
- Unemployment rate fell to 3.8%.
- Non-agricultural demand increased by 20,000. This figure points to the lowest increase in the last 17 months.
- Average hourly earnings increased by 0.4%. An increase of 3.4% per year.
- Labor force participation is 63.2%.
- The biggest decline in recruitment was the construction sector with a figure of 31,000.
Post Employment Data Dollar
The dollar, which started to rise due to the S-400 crisis, has lost 0.63% and is now trading at 5.43.
Disclosures of the President of the European Central Bank
We see a similar decline in the euro. Specifically, the statements made by the European Central Bank after the yesterday's meeting are an important factor for the euro to fall. European Central Bank President Mario Draghi said yesterday that the economic growth prospects in the Eurozone have been reduced from 1.7 percent to 1.1 percent. At the meeting, where there was no increase in interest rates, Draghi said they decided to keep the policy rate at zero levels. On the other hand, the deposit interest rate is minus 0.40 and the marginal funding rate is 0.25 percent.
Emphasizing geopolitical uncertainties, it is stated that the fragility experienced in emerging markets has a significant impact on the sensitivity of the economy.
Status after the euro
After the announcement of the European Central Bank President Mario Draghi, the euro has lost some value. At the time of writing, the Euro is trading at 6.11, losing 0.27%.
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Why Post Dollar and Euro Regressed? appeared first on Kriptokoin.com.