Market news
30.03.2011, 08:53

Asian session: yen fell

Japan’s currency fell against all of its 16 major peers as Asian stocks rose and before data forecast to show U.S. companies increased jobs in March, spurring demand for higher- yielding assets. 
Australia’s dollar advanced to a record on speculation global growth will boost demand for commodities, which comprise a majority of the nation’s exports.
U.S. companies added 208,000 workers in March after an increase of 217,000 the previous month, survey showed before ADP Employer Services releases the data today.
The Dollar Index, which InterContinentalExchange Inc. uses to track the greenback against the currencies of six major U.S. trading partners, gained 0.1 percent to 76.284 on speculation Federal Reserve policy makers will signal a readiness to reduce stimulus.

EUR/USD: the pair shown low in the field of $1,4060.
GBP/USD: the pair become stronger in around $1,6040.
USD/JPY: the pair become stronger above mark Y83,00.


The main EMU release comes at 0900GMT, when the EMU Economic Sentiment data for March is expected to remain steady around 107.3 with industrial confidence at 6.0 and consumer confidence confirmed at -10.6.
US data starts at 1100GMT with the weekly MBA Mortgage Application Index, which is followed at 1130GMT by Challenger Layoffs for March and at 1215GMT by the March ADP National Employment Report. Along with the
1400GMT release of the Help-wanted Online data for March, this will help shape some thinking ahead of Friday's key US labour data, with forecasts currently expected no change in the unemployment rate and a 195k change
in the NFP number. 

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