Dollar declines after employment figures in the United States

Dollar declines after employment figures in the United States

The dollar fell slightly at the start of the day on Friday against the single European currency, a sharp decline in the dollar following disappointing data on US employment published by the Labor Department.

Around 12:55 GMT (2:55 pm in Paris), the euro gained 0.13% to $ 1.2139.

The US economy created 266,000 jobs in April, much lower than expected, and the unemployment rate also rose slightly after falling after May.

“Explicit” for Avtrade’s Naeem Aslam, does not preclude the “flexible monetary policy” of the US Federal Reserve (Fed).

Analysts had counted over a million job creations, and more so for the most optimistic, thanks to the economic recovery now underway in the United States.

The unemployment rate was 6.1% against 6% in March, when analysts saw it falling to 5.8%.

Gold and bitcoin also benefited from a weaker dollar: the yellow metal rose 1.47% to $ 1,841.82 an ounce, the highest since February 11, when cryptocurrency 2 appreciated 57% to $ 57,391.00.

The pound sterling accounted for 86.98 pence in a small decline of 0.12% against the euro, but rose to 0.44% against the greenback at $ 1.3950 – the key rate the day after the announcement unchanged by the Bank of England (BoE).

The Monetary Institute held Thursday at 0.1%, a historic low, while raising its forecast for the year to 7.25% thanks to “stronger than expected activity”.

Currency traders were monitoring the election results in Scotland on Thursday, where the regional parliament is being renewed.

A victory for the ruling Scottish National Party (SNP) separatists, the formation of Prime Minister Nicola Sturgeon, could pave the way for a new self-decision referendum, a situation which according to analysts could weaken the British currency.

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