Market news
02.11.2011, 18:33

American focus: dollar gained, euro declined

The U.S. dollar offset the losses against the euro after the Federal Reserve raised its assessment of the economy. The Central Bank said here that "significant risks" remain, but, still, refrained from taking additional measures to ease monetary policy. The published statistics on the market today, employment has also supported the dollar. As reported today, an independent U.S. recruiting and analytical agency ADP (Automatic Data Processing) in the private sector appeared 110 000 new jobs during the month of October. Data for September were revised up to 25 thousand items in a big way in the final count recorded 116 000 new employees of private firms and companies, not 91 thousand, as previously thought. In October, the vast majority of new positions, namely 114 000 was created in the service sector, while industrial workers, by contrast, have reduced staff by 4000 workers.

Earlier, the euro rose in the first time at this week after the cabinet of Greece supported the call of Prime Minister George Papandreou on the referendum on the plan of salvation of Greece. Greek Prime Minister George Papandreou secured the support of ministers on the issue submitted to referendum, the country assistance plan worth 130 billion euros, but he has to convince the leaders of the eurozone whether the referendum, did not expect such a decision.

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