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- Forex: Friday’s review
Forex: Friday’s review
On Friday the single currency fell against most major currencies after it was reported that most members of the European Central Bank showed support for the decision to reduce rates if the economy will not show signs of recovery. Well as the pressure on the exchange rate had a message about lowering the economic outlook in Germany. A little later, the euro continued to fall, as a report showed that U.S. employers added more jobs than expected last month. Additionally pleasant surprise was that the U.S. unemployment rate has decreased to almost four-year low. But, despite all these positive data for the dollar, the currency could not hold its positions, and began a sharp decline. Note that this situation was caused by the fact that as the index of consumer sentiment registered a sharp decline, reaching a minimum value at the same time in a year. Analysts say that this was a result of the concern among Americans about "fiscal cliff" has increased markedly.
The Canadian dollar rose while still achieving the highest value for the month, as Statistics Canada reported a significant increase in the number of jobs with the fall in unemployment.
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