Dollar Appeal Rising After Biggest Stimulus Drop In 4 Years
Dailyfx | Feb 07, 2013 04:28AM ET
Most of the focus when gauging the health and strength of the dollar goes to EURUSD. This most liquid of pairs has generated a healthy recovery on the euro’s side and has subsequently troubled the outlook for the benchmark currency. However, looking at the greenback’s performance against its other major pairings and against alternative stores of wealth (like gold); we find a different picture of strength. This is the root of the divergence between the drop in the unemployment rate to 6.9 percent – pulling back from a 13-year high. That said, this ‘improvement’ came alongside a 1.0 percent drop in the number of employed, helped by a drop in those seeking jobs. Details, details.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.