The dollar strengthened significantly against the euro, having played with all the previously lost ground, due to the publication of unemployment data, as well as the expectations of tomorrow's employment report in the United States. As it became known, initial applications for unemployment benefits, a measure of layoffs throughout the US, fell by 8 thousand. And seasonally adjusted reached 276 thousand. For the week ended May 30. Economists had expected 279 thousand. Primary applications. The ministry also reported that 284 thousand. Applications have been filed for the previous week, replacing it with an initial assessment of 282 thousand. The four-week moving average circulation increased by 2750 to 274, 75 thousand. The report showed that the number of people continuing to receive unemployment benefits, It fell by 30 thousand. up to 2.2 million. - the lowest level since November 2000 - for the week ended May 23.
In the course of trade is also affected by expectations the publication of the report on employment in the US non-farm payrolls. According to forecasts, in May, the number of employees increased by 225 thousand. Against 223 thousand. In April. As for unemployment, it is expected to remain unchanged (5.4%).
Meanwhile, market participants continue to follow the news on Greece. According to recent reports, the Greek Prime Minister Tsipras told the ministers that the position of the creditors is unacceptable. On Friday, the Greek Parliament will discuss the proposal of creditors. Rumors that Tsipras may require a vote of confidence from Parliament, were not confirmed.
Minor influenced by the statements of the IMF. In its annual assessment of the state of the US economy the IMF lowered its GDP forecast for this year from 3.1% to 2.5%, citing the substantial uncertainty about the sustainability of economic growth. The Fund has also lowered the GDP forecast for 2016 from 3.1% to 3%. Also, the IMF expects that the Fed will not raise rates until the 1st half of 2016.
The pound retreated from a session high against the dollar, falling below $ 1.5400. Earlier, the pound had supported the outcome of the meeting of the Central Bank of England, which left unchanged the key interest is placed on the level of 0.5%, and the amount of the asset purchase program, which amounts to 375 billion British. It is worth emphasizing, the discount rate was left at a record low for 75 consecutive month. The members of the MPC voted unanimously to keep the old monetary course. Hopes for a rate increase were dispelled after the results of the 1st quarter economic growth slowed to 0.3%. Inflation, meanwhile, fell below zero after a sharp reduction in price of energy.
A little influenced by data from the Society of Motor Manufacturers and Traders (SMMT). As it became known, in the UK the number of new car registrations increased 39 th consecutive month in May. Car sales rose 2.4 percent compared with the previous year to 198,706 units in May. In general, registration reached 1.11 million units in 2015, an increase of 5.7 percent, as the market has stabilized. There was a marked rise in four times the demand for cars with ultra-low emissions (ULEV) in January-May, suggesting that consumers are increasingly aware of the benefits of driving ULEV.
Pressure on the pound have expectations of tomorrow's publication of statistics on the US labor market.
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