Posts Tagged ‘economy’

Yellen Says ‘High Degree’ of Easing Needed Amid Job-Market Slack

by Forex Rooton July 15, 2014 3:13 pm GMT
Federal Reserve Chair Janet Yellen told lawmakers the central bank must press on with monetary stimulus as “significant slack” remains in labor markets and inflation is still below the Fed’s goal. “A high degree of monetary policy accommodation remains appropriate,” Yellen said today in semi-annual testimony prepared for delivery to the Senate Banking Committee. “Although […]

Non-Farm Payrolls Only Add 162,000 in July

by Christopher Lemieuxon August 2, 2013 1:17 pm GMT
The swing in the labor market is ever-present as only 162,000 non-farm payrolls were added in July. This missed expectations of 188,000 added jobs. This was the lowest addition since March, and the previous two months of jobs were revised downward. The unemployment rate ticked down to 7.4 percent, reported the Department of Labor. The […]

EURUSD eyes Italy elections

by Forex Rooton February 25, 2013 5:43 am GMT
The euro held flat at $1.3183, a tad above a six-week low around $1.3145 hit on Friday, but its further upside is seen limited for now as investors eye an unpredictable election in Italy. Exit polls will be published shortly after polls close at 1400 GMT on Monday. Full official results are expected by early […]

Yen near two-and-a-half-year low, Aussie gains on strong China data

by Forex Rooton January 10, 2013 5:29 am GMT
The yen was on the defensive near a 2-1/2-year low on Thursday on expectations the Bank of Japan will take fresh measures to boost the economy, while the Australian dollar jumped after strong Chinese trade data. The euro dipped as traders looked to the European Central Bank’s policy meeting later in the day to see […]