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Friday, September 14, 2012

Dollar / yen fall after jobless data




Forex Pros - The dollar fell to its lowest level in seven months against the yen after U.S. data on unemployment disappointing as investors awaited a meeting of the Central Bank later in the day.
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USD / JPY 77.56 during early European afternoon, the pair's lowest since February 14, the pair subsequently consolidated at 77.57, down 0.36%.

The pair was likely to find support at 77.56, the lowest price of the course and resistance at 77.96, Wednesday's high.

The Labor Department said that the number of U.S. individuals who filed for initial jobless benefits in the week ending September 8, rose by a seasonally adjusted 15,000 to 382,000, compared with expectations of an increase of 3,000 to 370,000.

Figure has been modified in the previous week to reach 367.000 from 365,000 previously reported.

A separate report showed that producer prices in the U.S. rose by a seasonally adjusted 1.7% in August, compared to expectations of 1.1% increase, after rising 0.3% in July.

The data came market awaits the results of the Fed meeting policy later on Thursday, amid speculation that the U.S. central bank may implement a third round of quantitative easing.

The yen also rose against the euro with EUR / JPY gaining 0.38%, to a record 100.06.

Rome sold at an auction of government bonds to three Aaum worth 4 billion Ao'rour against average yield of 2.75% down from 4.65% in August and the lowest price since October 2010.

Italy sold bonds maturity of $ 1.5 billion euros of debt for five years by 3.71% and bond auction of the debt owed $ 1.5 billion Aaurero in 2026 increased by 5.32%, this year.

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